1 Exercise 8-1A (Algo) Preparing master and flexible budgets LO 8-1 25 points Baird Manufacturing Company established the following standard price and cost data. Skipped Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.50 per unit $ 3.70 per unit $2,200 total $1,000 total BOOM Hint Baird planned to produce and sell 2.300 units Actual production and sales amounted to 2,500 units. Print References 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 Required A Required B Prepare the pro forma income statement in contribution form BAIRD MANUFACTURING COMPANY Pro Forma Income Statement Master Budget 2,300 Units 0 S 0 Required A Required B Prepare the pro forma income statement in contribution format that w BAIRD MANUFACTURING COMPANY Pro Forma Income Statement Flexible Budget 2,500 Units 0 $ 0