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Income Statement

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Burrel Manufacturing Company established the following standard price and cost data
Sales price 7.50 per unit
Variable Manufacturing cost 3.00 per unit
fixed manufacturing cost 3,000 total
fixed selling and administrative cost 1,200 total

Burrel planned to produce and sell 1,100 units. Actual production and sales amounted to 1,200 units.

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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Solution Summary

The solution explains how to prepare a pro-forma income statement for master budget and for flexible budget

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

Sales price $7.50 per unit
Variable manufacturing cost 3.00 per unit
Fixed manufacturing cost 3,000 total
Fixed selling and ...

Purchase this Solution
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