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EX 2-55 Alpine Coffee Roasters reports the following information for November. ...

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Accounting

EX 2-55

Alpine Coffee Roasters reports the following information for November.

Units produced and sold 23,500
Per unit revenue and costs:
Sales revenue $ 9.70
Direct materials costs 0.45
Direct labor costs 0.30
Variable manufacturing overhead 0.20
Fixed manufacturing overhead based on a volume of 23,500 units 2.40
Variable marketing and administrative costs 1.20
Fixed marketing and administrative costs based on a volume of 23,500 units 2.85

Required:

a. Prepare a gross margin income statement.

b. Prepare a contribution margin income statement.

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