The following costs result from the production and sale of 1,000 drum sets manufactured by...
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The following costs result from the production and sale of 1,000 drum sets manufactured by Tight Drums Company for the year ended December 31. The drum sets sell for $500 each Variable costs Plastic for casing Wages of assembly workers Drus stands Sales cossions Fixed costs Taas on factory Factory maintenance Factory sachinery depreciation Lease of equipment for sales staff Accounting staff salaries Medinistrative salaries 3.17,000 82,60e 26,000 15, eee 5.ee 10,000 40,000 10,000 35,000 125,000 inces Required: 1. Prepare a contribution margin income statement for the year 2. Compute contribution margin per unit and contribution margin ratio, 3. For each dollar of sales, how much is left to cover fored costs and contribute to income? Complete this question by entering your answers in the tabs below. Required Required 2 Required For each dollar of sales, how much is left to cover foced costs and contribute to income? (Round your answer to 2 decimal places For each dollar of sales how much lot to cover fred costs and contribute to income? $ 0.00
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