A company manufactures and sells racing bicycles to specialty retailers. The Bomber model sells for $510 and has per-unit variable costs of $204 associated with its production. The company has fixed expenses of $30,000 per month. In May, the company sold 240 of the Bomber model bikes.

A. Calculate the contribution margin per unit for the Bomber.

Contribution margin $ per unit

B. Calculate the contribution margin ratio of the Bomber.

Contribution margin ratio %

C. Prepare a contribution margin income statement for the month of May. Use a minus sign for a net loss if present.

Income Statement
Sales	$
Variable Costs
Contribution Margin	$
Fixed Costs
Net Income (Loss)	$