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.
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