1. Alpha Pharmaceuticals

Item	Value
Sales price per unit	$50.00
Variable cost per unit	$25.00
Fixed manufacturing cost	$15,000 total
Fixed selling and administrative cost	$5,000 total

1. Alpha Pharmaceuticals planned to produce and sell 1,000 units. Actual production and sales amounted to 1,200 units. Required:
   1. Create the pro forma income statement for the master budget.
   2. Create the pro forma income statement for the flexible budget.