Bernie Corp manufactures drum sets. They have hired you as the new student inter. The following costs result from the production and sale of 4,200 drum sets manufactured for the year ended December 31, 2019. The drum sets sell for $270 each. The company has a 25% income tax rate $ 38,200 361,200 125,000 79,800 Variable production costs Plastic for casing Wagen of assembly workers Drum stands Variable selling costs Sales commissions Fixed manufacturing Posts Taxes on factory Factory maintenance Factory machinery depreciation Fixed selling and administrative costs Lease of equipment for sales staff Accounting staff salaries Administrative management salarius 12,000 24,000 $4,000 24,000 74,000 154,000 Required: 1. Prepare a contribution margin income statement for the year. 2. Compute its contribution margin per unit and its contribution margin ratio, 3. For each dollar of sales, how much is left to cover fixed costs and contribute to operating income? Complete this question by entering your answers in the tabs below. Bernie Corp manufactures drum sets. They have hired you as the new student inter. The following costs result from the production and sale of 4 200 drum sets manufactured for the year ended December 31, 2019 The drum sets soll for $270 each The company has a 25% income tax rate Bernie Coep manufactures drum sets. They have hired you as the new student inter The following corte result from the production and tale at 4,200 drum sets manutactured for the year ended December 31, 2019 The drum sets sell for $270 each The company has a 25% income tax rate apse $38,200 362,200 126,000 79,00 01250 Variable production costs Plastic for casing Wages of assembly workers Drum stands Variable selling costs Sales commissions Fixed manufacturing costs Tres on factory Factory maintenance Factory machinery depreciation Fixed Belting and adeinistrative costs Lease of equipment for sales statt Accounting staff salaries Administrative management salaries 12,000 24,000 14.00 24,000 74.000 154.000