Exercise 8-1A (Algo) Preparing master and flexible budgets LO 8-1 Stuart Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cont Paxed selling and administrative cost $ 8.20 per unit $ 8.00 per unit $3,000 total $ 600 total Stuart planned to produce and sell 2,400 units. Actual production and sales amounted to 2,600 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. STUART MANUFACTURING COMPANY Pro Forma Income Statement Master Budget 2.400 units 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. STUART MANUFACTURING COMPANY Pro Forma Income Statement Master Budget 2,400 Units Required B > 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 budget. STUART MANUFACTURING COMPANY Pro Forma Income Statement Flexible Budget 2,600 Units