A company sells small motors as a component part to automobiles. The Model 101 motor sells for $950 and has per-unit variable costs of $570 associated with its production. The company has fixed expenses of $90,000 per month. In August, the company sold 415 of the Model 101 motors.

A. Calculate the contribution margin per unit for the Model 101.

Contribution margin $ per unit

B. Calculate the contribution margin ratio of the Model 101.

Contribution margin ratio %

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

Income Statement
	$
	$
	$