Documen Word Crafts Inc, is a manufacturer of furniture The company has 2 responsibility centers: Production and Selling and Contribution Margin 108,730 Distribution. Production and administration are cost centers while Selling and Distribution is a prot Less Fixed Costs: center. Presented below are the budgeted and actual contribution income statement for October along with applicable unit Manufacturing overhead 40,000 information. Selling and Distribution 30,000 (70,000) Budgeted unit information: Units 830 Sale price Net Income 38,730 per unit $240 Direct material per Craft Inc. \"Hit $45 Actual Contribution Inoome Direct labor Statement Per \"it $18 For Month of October Variable manufacturin 3 g overhead Sales 230,000 per unit $16 Less Variable costs Variable Variable cost of goods sold: selling and :5 distribution Direct materials 40,000 per unit $30 Direct labor 15,000 $ Actual Units: 822 Manufacturing overhead 13,500 63,500 Craft Inc. Budgeted Contribution Income Statement Selling and distribution 39,000 (107,500) For Month of October Contribution Margin 122,500 $ Sales 199,200 Less Fixed Costs: Less Variable costs Variable cost of goods sold: Manufacturing overhead 39,000 $ Direct materials 37,350 Selling and Distribution 31,000 (70.000) Direct labor 14,940 3 Net |ncome(Loss) 52,500 Manufacturing overhead 13,280 65,570 Selling and distribution 24,900 (90,470) End a, docmem l Screens 1-2 of2 (In: Focus i E 47 + 140% ._. . - 7:23 PM I 9' H a A b \"X g 5 11/16/2020 %