Solomon Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost $ 8.20 per unit $ 3.50 per unit $ 2,700 total $ 900 total Fixed selling and administrative cost Solomon planned to produce and sell 2,200 units. Actual production and sales amounted to 2,400 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. Complete this question by entering your answers in the tabs below. Required A Required B Prepare the pro forma income statement in contribution format that would appear in a master budget. SOLOMON MANUFACTURING COMPANY Pro Forma Income Statement Master Budget 2,200 Units 0
Solomon Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost $ 8.20 per unit $ 3.50 per unit $ 2,700 total $ 900 total Fixed selling and administrative cost Solomon planned to produce and sell 2,200 units. Actual production and sales amounted to 2,400 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. Complete this question by entering your answers in the tabs below. Required A Required B Prepare the pro forma income statement in contribution format that would appear in a master budget. SOLOMON MANUFACTURING COMPANY Pro Forma Income Statement Master Budget 2,200 Units 0
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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Question
![Solomon Manufacturing Company established the following standard price and cost data.
Sales price
Variable manufacturing cost
Fixed manufacturing cost
$ 8.20 per unit
$ 3.50 per unit
$ 2,700 total
$ 900 total
Fixed selling and administrative cost
Solomon planned to produce and sell 2,200 units. Actual production and sales amounted to 2,400 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.
Complete this question by entering your answers in the tabs below.
Required A Required B
Prepare the pro forma income statement in contribution format that would appear in a master budget.
SOLOMON MANUFACTURING COMPANY
Pro Forma Income Statement
Master Budget
2,200 Units
0](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5db43ac1-a81b-4bbb-9e96-1a42493a14a3%2F544cc526-ca2e-40fc-9f47-64b38e924aba%2Fsywwv2_processed.png&w=3840&q=75)
Transcribed Image Text:Solomon Manufacturing Company established the following standard price and cost data.
Sales price
Variable manufacturing cost
Fixed manufacturing cost
$ 8.20 per unit
$ 3.50 per unit
$ 2,700 total
$ 900 total
Fixed selling and administrative cost
Solomon planned to produce and sell 2,200 units. Actual production and sales amounted to 2,400 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.
Complete this question by entering your answers in the tabs below.
Required A Required B
Prepare the pro forma income statement in contribution format that would appear in a master budget.
SOLOMON MANUFACTURING COMPANY
Pro Forma Income Statement
Master Budget
2,200 Units
0
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