Baird Manufacturing Company established the following standard price and cost da

Question

Baird Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $8.60 per unit % 3.90 per unit $2,800 total polnts 900 total Batird 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 ormat that would appear in a master budget eBook b. Prepare the pro forma income statement in contribution format that would appear in a flexible budget Print Complete this question by entering your answers in the tabs below Rederences Required ARequired B appear in a master budget. BAIRD MANUFACTURING COMPANY Pro Forma Income Statement Master Budget Units

Explanation / Answer

a) Master budget :

b) Flexible budget :

Master budget 2200 Units Sales 18920 Variable manufacturing 8580 Contribution margin 10340 Fixed manufacturing 2800 Fixed selling and administrative 900 Total fixed cost 3700 Net income 6640

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