Business, 26.11.2019 00:31 Delgadojacky0206

Lloyd publications established the following standard price and costs for a hardcover picture book that the company produces. standard price and variable costs sales price $ 45.00 materials cost 9.00 labor cost 4.50 overhead cost 6.30 selling, general, and administrative costs 7.20 planned fixed costs manufacturing overhead $ 135,000 selling, general, and administrative 54,000 assume that lloyd actually produced and sold 32,000 books. the actual sales price and costs incurred follow. actual price and variable costs sales price$ 43.50 materials cost9.20 labor cost4.40 overhead cost6.35 selling, general, and administrative costs7.00 actual fixed costs manufacturing overhead$ 125,000 selling, general, and administrative58,000 required: 1. prepare a pro forma income statement that would appear in the master budget 2. prepare the flexible budget income statement assuming production volumes or 29,000 and 31,000 units

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Lloyd publications established the following standard price and costs for a hardcover picture book t...

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