Dance Creations manufactures authentic Hawaiian hula skirts that are purchased for traditional Hawailan celebrations, costume parties, and other functions. During its first year company incurred the following costs: business, the Variable Cost per Hula Skirt Direct materials Direct labor $ 9.75 3.55 anufactuning overhead Variable selling and administrative expenses 1.20 55 Fixed Cost per Month Fixed manufacturing overhead Fixed selling and administrative expenses $16 555 5,100 Dance Creations charges $31 for each skirt that it sells. During the first month of operation, it made 1.540 skirts and sold 1 405 x Answer is complete but not entirely correct. Dance Creations Contribution Margin Incomne Statement For the Last Month Sales revenue S 43,555.00 Cost of Goods Sold 22,330.00 (X X Beginning Inventory 0.00 X Less: Variable Manufacturing Costs 22,330.00(x Contribution margin 22.409.75 Fixed Manufacturing Overhead 16,555.00 X Variable Selling Expenses 16,555.00 (X Fixed General and Administrative Expense Net Operating Income 5,100 00 754.75