Please solve both the parts a and b

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

Sales price

Variable manufacturing cost

$$8\mathrm{.}50$ per unit

$$3\mathrm{.}80$ per unit

Fixed manufacturing cost

$$2,600$ total

Fixed selling and administrative cost

$$800$ total

Solomon planned to produce and sell $3,000$ units. Actual production and sales amounted to $3,100$ 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 $A$

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

SOLOMON MANUFACTURING COMPANY

Pro Forma Income Statement

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