$$

$$

$(1.)2$m$)2-47.$ Gross Margin and Contribution Margin Income Statements

Carmen Beverages reports the following information for July:

Units produced and sold $...........................18,800$ Per unit revenue and costs:

Sales revenue $...................................$ $$3\mathrm{.}20$

Direct materials costs $............................0\mathrm{.}20$

Direct labor costs. $.................................0\mathrm{.}16$

Variable manufacturing overhead $......................0\mathrm{.}06$

Fixed manutacturing overhead based

on a volume of $18,800$ units. $............................................$

Variable marketing and administrative costs $...........0\mathrm{.}48$

Fixed marketing and administrative costs based on a volume of $18,800$ units $..............1\mathrm{.}00$

Required

Prepare:

a$.$ A gross margin income statement.

b$.$ A contribution margin income statement.