Requirement a:
For Master Budget
ALLARD MANUFACTURING COMPANY | |
Pro Forma Income Statement | |
Master Budget 2,900 units |
|
Sales revenue [2,900 x $8.70] | $25,230 |
Less: Variable manufacturing cost [2,900 x $3.90] | ($11,310) |
Contribution margin | $13,920 |
Less: Fixed manufacturing costs | ($2,700) |
Fixed selling and administrative cost | ($900) |
Net income | $10,320 |
Requirement b:
ALLARD MANUFACTURING COMPANY | |
Pro Forma Income Statement | |
Flexible Budget 3,200 units |
|
Sales revenue [3,200 x $8.70] | $27,840 |
Less: Variable manufacturing cost [3,200 x $3.90] | ($12,480) |
Contribution margin | $15,360 |
Less: Fixed manufacturing costs | ($2,700) |
Fixed selling and administrative cost | ($900) |
Net income | $11,760 |
Allard Manufacturing Company established the following standard price and cost data. Sales price $ 870 Variable...
Allard Manufacturing Company established the following standard price and cost data. Sales price $ 8.20 per unit Variable manufacturing cost $ 3.00 per unit Fixed manufacturing cost $ 2,000 total Fixed selling and administrative cost $ 500 total Allard planned to produce and sell 2,700 units. Actual production and sales amounted to 2,800 units. Required ALLARD MANUFACTURING COMPANY Pro Forma Income Statement Master Budget 2,700 Units Sales Variable manufacturing Contribution margin 0 Fixed manufacturing Fixed selling and administrative Net income...
Allard Manufacturing Company established the following standard price and cost data. Sales price Unit $ 8.50 pet $ 3.30 per $2,200 total $ 500 total Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost Init Allard planned to produce and sell 2,900 units. Actual production and sales amounted to 3,100 units. Required a. Prepare the pro forma income statement in contribution format that would appear in a master budget. ALLARD MANUFACTURING COMPANY Pro Forma Income Statement Master Budget...
Solomon Manufacturing Company established the following standard price and cost data. Sales price $ 8.50 per unit Variable manufacturing cost $ 3.80 per unit Fixed manufacturing cost $ 2,500 total Fixed selling and administrative cost $ 900 total Solomon planned to produce and sell 2,500 units. Actual production and sales amounted to 2,700 units. Required Prepare the pro forma income statement in contribution format that would appear in a master budget. Prepare the pro forma income statement in contribution format...
Campbell Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.50 per unit $ 3.90 per unit $2,900 total $1,000 total Campbell planned to produce and sell 2,000 units. Actual production and sales amounted to 2,200 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...
Jordan Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost Pixed selling and administrative cost $ 8.60 per unit $ 3.10 per unit $2,300 total $1,000 total Jordan planned to produce and sell 3,000 units. Actual production and sales amounted to 3,200 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...
Jordan Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost Pixed selling and administrative cost $ 8.60 per unit $ 3.10 per unit $2,300 total $1,000 total Jordan planned to produce and sell 3,000 units. Actual production and sales amounted to 3,200 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...
Campbell Manufacturing Company established the following standard price and cost data: Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.40 per unit $ 3.40 per unit $2,600 total $ 600 total Campbell planned to produce and sell 2,300 units. Actual production and sales amounted to 2,500 units. Assume that the actual sales price is $8.10 per unit and that the actual variable cost is $3.70 per unit. The actual fixed manufacturing cost is $2,400,...
Benson Manufacturing Company established the following standard price and cost data: Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.50 per unit $ 3.60 per unit $ 2,600 total $ 500 total Benson planned to produce and sell 2,600 units. Actual production and sales amounted to 2,900 units. Required a. Determine the sales and variable cost volume variances. b. Classify the variances as favorable (F) or unfavorable (U). d. Determine the amount of fixed...
Thornton Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.80 per unit $ 3.60 per unit $2,800 total 800 total Thornton planned to produce and sell 2,900 units. Actual production and sales amounted to 3,100 units. Required a. Determine the sales and variable cost volume variances. b. Classify the variances as favorable (F) or unfavorable (U). d. Determine the amount of fixed cost that...
Adams Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.30 per unit $ 3.70 per unit $2,500 total $ 700 total Adams planned to produce and sell 2,000 units. Actual production and sales amounted to 2,200 units. Required a. Determine the sales and variable cost volume variances. b. Classify the variances as favorable (F) or unfavorable (U). d. Determine the amount of fixed cost...