Exercise 15-2 Preparing master and flexible budgets LO 15-2 Perez Manufacturing Company established the following standard price and cost data. Sales price $ 8.00 per Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost unit $ 4.00 per unit $2,100 total $ 900 total Perez planned to produce and sell 2,600 units. Actual production and sales amounted to 2,700 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 Required A B Prepare the pro forma income statement in contribution format that would appear in a master budget. PEREZ MANUFACTURING COMPANY Pro Forma Income Statement Master Budget 2,600 Units Required Required A B Prepare the pro forma income statement in contribution format that would appear in a flexible budget. PEREZ MANUFACTURING COMPANY Pro Forma Income Statement Flexible Budget 2,700 Units