Campbell Manufacturing Company established the following standard price and cost data.

Campbell planned to produce and sell $2,300$ units. Actual production and sales amounted to $2,500$ units.

Required

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.

Prepare the pro forma income statement in contribution format that would appear in a master budget.