Stuart Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost $ 8.10 per unit $ 3.10 per unit Fixed manufacturing cost $ 2,200 total $ 500 total Fixed selling and administrative cost Stuart planned to produce and sell 2,500 units. Actual production and sales amounted to 2,800 units. Required a. Prepare the pro forma income statement in contribution format that would appear a master budget. b. Prepare the pro forma income statement in contribution format that would appear in a flexible budget.

Stuart Manufacturing Company established the following standard price and cost data. Stuart planned to produce and sell 2,500 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