Adams Manufacturing Company established the following standard price and cost data. Sales price $ 8.30...
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Adams Manufacturing Company established the following standard price and cost data. Sales price $ 8.30 per Variable manufacturing cost unit $ 4.00 per unit $2,900 total $ 600 total Fixed manufacturing cost Fixed selling and administrative cost Adams planned to produce and sell 2,400 units. Actual production and sales amounted to 2,700 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 Required Prepare the pro forma income statement in contribution format that would appear in a master budget. ADAMS MANUFACTURING COMPANY Pro Forma Income Statement Master Budget 2,400 Units 0 $ 0 Required Required B Prepare the pro forma income statement in contribution format that would appear in a flexible budget. ADAMS MANUFACTURING COMPANY Pro Forma Income Statement Flexible Budget 2,700 Units $ 0
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