Apeiron S.p.A. manufactures and sells large size tables to be used in offices and conference rooms. One table is sold for 500. The selected data for year 2020 is given below: 120 60 20 900,000 Manufacturing expenses: Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per year Non-manufacturing expenses: Variable selling and administrative expense per unit Fixed selling and administrative expense per year Inventory information: Beginning inventory (units) Units produced during 2020 Units sold during 2020 40 600,000 500 10,000 8,500 Required: a. Prepare the contribution margin income statement, cost of goods sold format. b. Calculate the operating leverage. C. Compute break-even point in units and the safety margin. d. Prepare the income statement using absorption costing and the total output format. e. Explain why the two income statements show a different operating income