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*Exercise T3-1 Following is Tamarisk's latest income statement. The company produced and sold 110,900 units during the year Sales (110,900 units at $55) $6,099,500 Cost

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*Exercise T3-1 Following is Tamarisk's latest income statement. The company produced and sold 110,900 units during the year Sales (110,900 units at $55) $6,099,500 Cost of goods sold: Direct material $1,672,000 Direct labor 892,000 Variable manufacturing overhead 270,000 Fixed manufacturing overhead 1,295,000 Total cost of goods sold 4,129,000 Gross profit 1,970,500 Selling expenses Variable 223,000 Fixed 828,000 Total selling expenses 1,051,000 Operating income $919,500 Restate the income statement in contribution margin format, as if Tamarisk had used a variable costing system to report income. (Round per unit answers to 2 decimal places, Tamarisk Income Statement Per Unit > > $ $

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