Exercise $8-1$A $($Algo$)$ Preparing master and flexible budgets LO $8-1$

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

Sales price

Variable manufacturing cost

Fixed manufacturing cost

Fixed selling and administrative cost

$$8\mathrm{.}80$ per unit

$ $3\mathrm{.}00$ per unit

$$2,200$ total

$ $900$ total

Campbell planned to produce and sell $2,900$ units. Actual production and sales amounted to $3,100$ 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 A

Required B

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

CAMPBELL MANUFACTURING COMPANY

Pro Forma Income Statement

$\backslash$table$[[,\backslash$table$[[$Master Budget$],[2,900$ Units$]]],[,],[,],[,],[,],[,],[,],[,]]$

Required $A$

Required B

Prepare the pro forma income statement in contribution format that would appear in a fle

$\backslash$table$[[$CAMPBELL MANUFACTURING COMPANY$],[,$Pro Forma Income Statement$],[,\backslash$table$[[$Flexible Budget$],[3,100],[$Units$]]],[,],[,],[,],[,],[,],[,],[,$$