Exercise 8-1A (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 danufacturing cost Fixed selling and administrative cost $ 8.20 per unit $ 3.00 per unit $2,500 total $1,000 total Campbell planned to produce and sell 2,600 units. Actual production and sales amounted to 2,900 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 proforma Income statement in contribution format that would appear in a master budget. CAMPBELL MANUFACTURING COMPANY Pro Forma Income Statement Master Budget