Exercise 8-1A (Algo) Preparing master and flexible budgets LO 8-1 Benson Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.90 per unit $ 3.60 per unit $2,500 total $ 900 total Benson planned to produce and sell 2,400 units. Actual production and sales amounted to 2,600 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. Required A Required B Prepare the pro forma income statement in contribution format that would appear in a master budget. BENSON MANUFACTURING COMPANY Pro Forma Income Statement Master Budget 2,400 Units