12. The following data Simson Maxwell Company for the year ended 2018 Dec 31: (7points) Cost: Direct Material $200,000 Direct Labor 130,000 Manufacturing Overhead: Variable Fixed Sales Salaries (fixed) Administrative expenses(fixed) Selling price per unit Units produced and sold 65,000 90,000 20,000 35,000 10 70,000 Assume direct materials and direct labor are variable costs. Prepare a contribution margin income statement Sales Less: Variable Expense Direct Labor Direct Material Variable OH Contribution Margin Less: Fixed Expenses MOH Salaries Admin Net Profit