Prepare pro forma income statement in contribution format

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Reference no: EM133972103

Problem

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

Sales price $ 8.50 per unit
Variable manufacturing cost $ 3.70 per unit
Fixed manufacturing cost $ 2,300 total
Fixed selling and administrative cost $ 900 total

Rundle planned to produce and sell 2,400 units. Actual production and sales amounted to 2,700 units.

Task

I. Prepare the pro forma income statement in contribution format that would appear in a master budget. Get the instant assignment help.
II. Prepare the pro forma income statement in contribution format that would appear in a flexible budget.

Reference no: EM133972103

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