Head-First Company plans to sell 5,200 bicycle helmets at $80 each in the coming year. Product costs include: 3. Prepare a contribution margin income statement for Head-First Company for the coming year. Refer to the list of Amount Descriptions for the exact wording of text items within your income statement. Round your per unit answers to two decimal Direct materials per helmet $ 32 Direct labor per helmet 8.75 places 5.25 Variable factory overhead per helmet Total fixed factory overhead 20,000 Head-First Company Contribution Margin Income Statement Variable selling expense is a commission of $2.50 per helmet, fixed selling and administrative expense totals $29,400. For the Coming Year Required: Total Per Unit 1. Calculate the total variable cost per unit. 2. Calculate the total fixed expense for the year. 3. Prepare a contribution margin income statement for Head-First Company for the coming year. Amount Descriptions Refer to the list below for the exact wording of an amount description within your income statement Amount Descriptions Operating income Operating loss Sales Total contribution margin Total fixed expense Total variable expense