Head-First Company plans to sell 4,700 bicycle helmets at S75 each in the coming year. Unit variable cost is $45.75 (includes direct materials, direct labor, variable factory overhead, and variable selling expense). Fixed factory overhead is $21,000 and fixed selling and administrative expense is $28,700. Reguired: 1. Calculate the variable costrano 2. Calculate the contribution margin ratio. 3. Prepare a contribution margin income statement based on the budgeted figures for next year in a column next to the income statement, Show the percentages based on sales for sales, total variable cost, and total contribution margin Contribution Margin Income Statement 3. Prepare a contribution margin income statement based on the budgeted figures for next year. In a column next to the income statement show the percentages based on sales for Sales, total variable cost, and total contribution margin. Refer to the list of Amount Descriptions for the exact wording of textems within your income statement Head-First Company Contribution Margin Income Statement For the Coming Year Variable cost ratio Percent of Sales 2. Calculate the contribution margin ratio. Contribution margin ratio