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Thornton Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing...

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Accounting

Thornton Manufacturing Company established the following standard price and cost data.
Sales price
Variable manufacturing cost
Fixed manufacturing cost
Fixed selling and administrative cost
$8.10 per unit
$3.70 per unit
$2,300 total
$1,000 total
$8.10 per unit
$3.70 per unit
$2,300 total
$1,000 total
Thornton planned to produce and sell 2,100 units. Actual production and sales amounted to 2,400 units.
Requlred
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 A
Required B
Prepare the pro forma income statement in contribution format that would appear in a master budget.
\table[[THORNTON MANUFACTURING COMPANY],[Pro Forma Income Statement,],[,\table[[Master Budget],[2,100 Units]]],[,],[,],[,],[,],[,],[,],[,]] Answer for A and B
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