Cherokee Manufacturing Company established the following standard price and cost data:

Sales price	$	12.00	per unit
Variable manufacturing cost	$	7.20	per unit
Fixed manufacturing cost	$	3,600	total
Fixed selling and administrative cost	$	1,200	total

Cherokee planned to produce and sell 2,000 units. Actual production and sales amounted to 2,200 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.