Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.20 per unit 3.60 per unit 2,700 total 1,000 total Fanning planned to produce and sell 2,700 units. Actual production and sales amounted to 2,900 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. FANNING MANUFACTURING COMPANY Pro Forma Income Statement Master Budget Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.20 per unit 3.60 per unit 2,700 total 1,000 total Fanning planned to produce and sell 2,700 units. Actual production and sales amounted to 2,900 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 flexible budget. FANNING MANUFACTURING COMPANY Pro Forma Income Statement Flexible Budget