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Exercise 8-1A (Algo) Preparing master and flexible budgets LO 8-1 Baird 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 $ 3.70 per unit $2,200 total $1,000 total Baird planned to produce and sell 2,300 units. Actual production and sales amounted to 2,500 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.

Exercise 8-1A (Algo) Preparing master and flexible budgets LO 8-1 Baird 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 $ 3.70 per unit $2,200 total $1,000 total Baird planned to produce and sell 2,300 units. Actual production and sales amounted to 2,500 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
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 7P: Preparing a performance report Use the flexible budget prepared in P7-6 for the 31,000-unit level...
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Required A Required B Prepare the pro forma income statement in contribution form BAIRD MANUFACTURING COMPANY Pro Forma Income Statement Required A Required B Master Budget 2,300 Units BAIRD MANUFACTURING COMPANY Pro Forma Income Statement Prepare the pro forma income statement in contribution format that w Flexible Budget 2,500 Units $ 0 0 0 0
Transcribed Image Text:Required A Required B Prepare the pro forma income statement in contribution form BAIRD MANUFACTURING COMPANY Pro Forma Income Statement Required A Required B Master Budget 2,300 Units BAIRD MANUFACTURING COMPANY Pro Forma Income Statement Prepare the pro forma income statement in contribution format that w Flexible Budget 2,500 Units $ 0 0 0 0
1 Exercise 8-1A (Algo) Preparing master and flexible budgets LO 8-1 Baird 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 $ 3.70 per unit $2,200 total $1,000 total Baird planned to produce and sell 2,300 units. Actual production and sales amounted to 2,500 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.
Transcribed Image Text:1 Exercise 8-1A (Algo) Preparing master and flexible budgets LO 8-1 Baird 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 $ 3.70 per unit $2,200 total $1,000 total Baird planned to produce and sell 2,300 units. Actual production and sales amounted to 2,500 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.
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