ASAP please!

2100 violins

650 finished and unsold

$125.00 each

Vodne by some produces student grade ventweging voor. The converted 2.800 Vis five month of period. Al minden ole remained at there was a yo. sold each as follows mick on the son or the data) The company es traditional (norton courting Income atorments forts bankor. Saran would to the prese contribution Margien nome statements for era for management Read the requirements Compute the following amounts that would be shown on these income statements: Requirement 1. Gross Profit Identify the formula, then compute the gross profit. 11 Gross profit Il Requirement 2. Contribution Margin Identify the formula, then compute the contribution margin. 11 Contribution margin = Requirement 3. Total expenses shown below the gross profit line = Total expenses below the gross profit line Requirement 4. Total expenses shown below the contribution margin line + = Total expenses below the contribution margin line Requirements. Dollar value ofending inventory under absorption costing The dotar value of ending inventory under absorption contings Requirement 6. Doitar value of ending inventory under variable conting The dollar value of ending inventory under variable costing is Requirement 7. Which income statement will have a higher operating income? By how much? Explain The Income statement will have a higher operating income by Under absorption costing Under variable costing these costs are 91,200 55,000 26,000 Direct materials used .... $ Direct labor ....$ Variable manufacturing overhead ... $ Fixed manufacturing overhead Variable selling and administrative expenses .. $ Fixed selling and administrative expenses .... $ ... $ 44,100 11,000 13,500