The following data are from the accounting records of Cunha Products for year 2 (all figures in .
thousands of dollars).

Required Prepare:

a. A gross margin income statement.

b. Acontribution margin income statement.

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Units produced and sold Total revenues and costs Sales revenue Direct material costs Direct labor costs.. Variable manufacturing overhead 34,000 $13,200 3,400 1,700 850 Fixed manufacturing overhead.. Variable marketing and administrative costs Fixed marketing and administrative costs 2,200 680 1,600