Accounting records for The Ralston Company show the following for the most recent fiscal year: Units produced and sold Total revenues and costs Sales revenue Direct materials costs Direct labor costs Variable manufacturing overhead Fixed manufacturing overhead Variable marketing and administrative costs Fixed marketing and administrative costs Required: a. Prepare a gross margin income statement. b. Prepare a contribution margin income statement. 59,500 $ 380,600 96,300 48,700 24,900 62,700 20,600 47,800 1

Accounting records for The Ralston Company show the following for the most recent fiscal year