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Make the pro forma income statement in contribution format

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Reference no: EM132836460

Munoz Manufacturing Company established the following standard price and cost data.

Sales price $8.20per unit

Variable manufacturing cost $3.00per unit

Fixed manufacturing cost $2,700 total

Fixed selling and administrative cost $800total

Munoz planned to produce and sell 2,900 units. Actual production and sales amounted to 3,000 units.

Required

Problem 1: the pro forma income statement in contribution format that would appear in a master budget.

Problem 2: the pro forma income statement in contribution format that would appear in a flexible budget.

Reference no: EM132836460

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