Return to question Exercise 15-2A (Algo) Preparing master and flexible budgets LO 15-2 Franklin Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.80 per unit 3.80 per unit 2,000 total 800 total Franklin planned to produce and sell 2.500 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. Answer is not complete. 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. FRANKLIN MANUFACTURING COMPANY Pro Forma Income Statement Sales Variable manufacturing Contribution margin Fixed manufacturing Fixed selling and administrative Net income Master Budget 0 0