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

Sales price	$ 8.50	per unit
Variable manufacturing cost	$ 3.70	per unit
Fixed manufacturing cost	$ 2,100	total
Fixed selling and administrative cost	$ 700	total

Thornton planned to produce and sell 2,000 units. Actual production and sales amounted to 2,200 units.

Required

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

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Required A Required B Prepare the pro forma income statement in contribut THORNTON MANUFACTURING COMPANY Pro Forma Income Statement Master Budget 2,000 Units Required Required A Required B Prepare the pro forma income statement in contribut THORNTON MANUFACTURING COMPANY Pro Forma Income Statement Master Budget 2,000 Units Required