Perez 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 $ 3.40 per unit $2,800 total $1,000 total Perez planned to produce and sell 2,600 units. Actual production and sales amounted to 2,800 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. Required A Required B Prepare the pro forma income statement in contribution format that would appear in a master budget. PEREZ MANUFACTURING COMPANY Pro Forma Income Statement Master Budget 2,600 Units Required A Required B Prepare the pro forma income statement in contribution PEREZ MANUFACTURING COMPANY Pro Forma Income Statement Flexible Budget 2,800 Units