LO 15-2 Exercise 15-2 Preparing master and flexible budgets Allard Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $10.00 per unit $5 per unit $3,000 total $1,000 total Allard planned to produce and sell 2,000 units. Actual production and sales amounted to 2,200 units. 557 Performance Evaluation Required a. Prepare the pro forma income statement in contribution format that would appear in a mas- ter budget. b. Prepare the pro forma income statement in contribution format that would appear in a flexible budget