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

Sales price	$	8.50	per unit
Variable manufacturing cost	$	3.80	per unit
Fixed manufacturing cost	$	2,500	total
Fixed selling and administrative cost	$	900	total

Solomon planned to produce and sell 2,500 units. Actual production and sales amounted to 2,700 units.

Required

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

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

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

SOLOMON MANUFACTURING COMPANY
Pro Forma Income Statement
	Master Budget 2,500 Units

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

SOLOMON MANUFACTURING COMPANY
Pro Forma Income Statement
	Flexible Budget 2,700 Units