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Exercise 2-55 (Algo) Gross Margin and Contribution Margin Income Statements (LO 2-7) Alpine Coffee Roasters reports the following information for November Units produced and

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Exercise 2-55 (Algo) Gross Margin and Contribution Margin Income Statements (LO 2-7) Alpine Coffee Roasters reports the following information for November Units produced and sold Per unit revenue and costas Sales revenue Direct materials costs Direct labor costs variable manufacturing overhead Fixed manufacturing overhead based on a volume of 23,400 units Variable marketing and administrative costa Fixed marketing and administrative costs based on a volume of 23,400 unite Required: a. Prepare a gross margin income statement b. Prepare a contribution margin income statement Complete this question by entering your answers in the tabs below. Required A Required Prepare a gross margin income statement Gross Margin income Statement Sales revenue $ 180,370 Variable manufacturing costs 9,360 Fad manufacturing overhead costs 5.850 Gross margin 1 2,340 Variable marketing and administrative costs ad marketing and administrative costs Desti 23,400 8.05 0.40 0.25 0.10 2.10 1.20 2.90 Help Save & Exit Submit

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