con Head-First Company plans to sell 5,100 blaycle helmets at 578 each in the coming year. Unit variable cost is $18.36 (includes direct materials, direct labor, variable factory overhead, and variable selling expense). Fixed factory overhead is $19,000 and fixed selling and administrative expense is $29.900 Required: 1. Calculate the variable costruito. 2. Calculate the contribution margin ratio. 3. Prepare a contribution margin income statement based on the budgeted figures for next year. In a column next to the income statement, show the percentages based on sales for sales, total variable cost and total contribution margin Amount Descriptions Ratios Refer to the list below for the exact wording of text items within your income statement 1. Calculate the variable cost ratio Variable cost ratio 5 Amount Descriptions Operating income Operating loss Sales 2. Calculate the contribution margin ratio Total contribution margin Total fixed cost Total variable cost Contribution margin ratio Contribution Margin Income Statement 3. Prepare a contribution margin income statement based on the budgeted figures for next year. In a column next to the income statement show the percentages based on sales for sales, total variable cost, and total contribution margin. Refer to the list of Amount Descriptions for the exact wording of text items within your income statement Head-First Company Contribution Margin Income Statement For the Coming Year Percent of Sales 1 2 3