Walton Manufacturing Company established the following standard price and cost data. Sales price $ 8.40 per unit $ 3.40 per unit Variable manufacturing cost Fixed manufacturing cost $ 2,300 total $ 700 total Fixed selling and administrative cost Walton planned to produce and sell 2,600 units. Actual production and sales amounted to 2,800 units. Required a. Prepare the pro forma income statement in contribution format that would appear in a master budget. b. Prepare the pro forma income statement in contribution format that would appear in a flexible budget

Walton Manufacturing Company established the following standard price and cost data. Sales price $ 8.40 per unit $ 3.40 per unit Variable manufacturing cost Fixed manufacturing cost $ 2,300 total $ 700 total Fixed selling and administrative cost Walton planned to produce and sell 2,600 units. Actual production and sales amounted to 2,800 units. Required a. Prepare the pro forma income statement in contribution format that would appear in a master budget. b. Prepare the pro forma income statement in contribution format that would appear in a flexible budget

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter7: The Master Budget And Flexible Budgeting

Section: Chapter Questions

Problem 8P: Preparing a performance report Use the flexible budget prepared in P7-6 for the 29,000-unit level of...

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