1 Exercise 8-1A (Algo) Preparing master and flexible budgets LO 8-1 2.5 points Rooney Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.88 per unit $ 4.00 per unit $2,900 total $ 500 total eBook Hint Rooney planned to produce and sell 2,800 units. Actual production and sales amounted to 2,900 units. Required Print 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. References 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. ROONEY MANUFACTURING COMPANY Pro Forma Income Statement Master Budget 2,800 Units Required Required B > 1 Exercise 8-1A (Algo) Preparing master and flexible budgets LO 8-1 25 points Rooney Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.80 per unit $ 4.00 per unit $2,900 total $ 50e total eBook Rooney planned to produce and sell 2.800 units. Actual production and sales amounted to Hint Required a. Prepare the pro forma income statement in contribution format that would appear in am b. Prepare the pro forma income statement in contribution format that would appear in a fl- Print Deterences 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 ROONEY MANUFACTURING COMPANY Pro Forma Income Statement Flexible Budget 2,900 Units