Acc104 Managerial Accounting: E19-17 Silver Company has asked you to prepare a pro-forma
Acc104 Managerial Accounting
E19-17 Pro-Forma Income Statement Silver Company has asked you to prepare a pro-forma income statement for the coming year. The following information is available: Expected sales revenue 1,240,000 Manufacturing costs: Variable cost of goods sold 625,000 Fixed overhead 125,000 Selling expenses: Variable expenses 140,000 Fixed expenses 45,000 Administrative expenses: Variable expenses 45,000 Fixed expenses 160,000 Other: Interest expense 28,000 Income tax rate 35%
Prepare a pro-forma contribution margin income statement for Silver Company.