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The cost accountant for the Friendly Manufacturing Company has provided you with the following information for the month of July: Variable costs Total Fixed Per unit Costs Administrative costs Direct labor Direct materials Manufacturing overhead Marketing costs Selling price $ 27.50 84.75 14.25 $120,000 5.30 2.90 210.00 50,000 75,000 Required: Assuming the company produced and sold 5,000 units, and there were no units in inventory on July 1, prepare the following income statements for the month of July: (a) Contribution margin income statement. (b) Gross margin income statement. Essay Toolbar navigation BIUS A