The following information is available for Nicole’s Toy Manufacturing Company for 2004:

Required: Prepare a contribution income statement for the year ended December 31, 2004.

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Percent Percent Amount Fixed Variable Direct material $440,000 100 Direct labor 90,000 Variable manufacturing overhead 70,000 Fixed manufacturing overhead 800,000 Selling cost 950,000 Administrative cost 570,000 808111 100 100 - 45 85 555 55 15 Sales for 2004 totaled $3,164,000 and there were no beginning or ending inventories.