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Fletcher Corporation prepared the following income statement for the fourth quarter in 2018. $950,000 596,600 Sales revenue (34,000 units) Loss: Costs of goods sold Gross

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Fletcher Corporation prepared the following income statement for the fourth quarter in 2018. $950,000 596,600 Sales revenue (34,000 units) Loss: Costs of goods sold Gross margin Less: Selling & administrative expenses 353,400 188,600 Net income $164,800 Fletcher's annual fixed manufacturing expenses, incurred uniformly each quarter, amount to $844,400; it also pays a sales commission of $1 per unit to its sales personnel. Required: Prepare a contribution margin income statement for the fourth quarter in 2018. (Round "Per-unit dollars" to 2 decimal places and "Percentages of salas" to 1 decimal place.) FLETCHER CORPORATION Contribution Margin Income Statement For the Fourth Quarter in 2018 Total Per Unit Percentage of Sales $ 950,000 $ 27.94 % Sales revenue Less: Variable costs Cost of goods sold Selling & administrative expenses Contribution margin Less: Fixed costs Cost of goods sold Selling & administrative expenses % 0.0 % $ 950,000 $ 27.94 $ 950,000 MacBook Pro 20 000

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