Hasbro Inc., a toy manufacturer, has the following data on its product Mr. Potato Head: Contribution Margin Transactions Cost Information Cost Unit Selling Price of Mr. Potato Head $25.00 per unit Plastic for Manufacturing Mr. Potato Head $3.50 per unit Assembly Line Employee Wages (Each employee $15.00 per hour can produce 5 Mr. Potato Heads per hour) $500.00 per month Utilities plus $1.00 per toy produced Manufacturing Equipment Depreciation $1,500.00 per month Manufacturing Plant Rent $2,000.00 per month Units Sold 6,700 With the information provided above, please complete Step 1, Step 2, and Step 3 for the month of July. When typing your responses, do NOT include a dollar sign. For example, if your answer is $10,000. you should be typing 10,000.00 without any dollar sign Make sure you round your answers to two decimal places. So if the answer is $10, you should be typing 10.00.Step 1: Identify each cost as variable, fixed, or mixed: Responses- Cost Behavior Cost Variable / Fixed / Mixed Plastic for Manufacturing Mr. Potato Head Assembly Line Employee Wages (Each employee can produce 5 Mr. Potato Heads per hour) Utilities Manufacturing Equipment Depreciation Manufacturing Plant Rent Step 2: Compute the unit contribution margin. Responses - Contribution Margin Contribution Margin per Unit $Step 3: Prepare a contribution margin income statement that shows the total amount for the month of July. Responses - Contribution Margin Income Statement HASBRO INC. Contribution Margin Income Statement For the month ended July 31, Total Sales $ Variable Costs Contribution Margin Fixed Costs Net Income / (Loss)