Help please!

Violins and More produces student-grade violins for beginning violin students. The company produced 2,300 violins in its first month of operations. At month-end, 650 finished violins remained unsold. There was no inventory in work in process, Violins were sold for $117.50 each. Total costs from the month are as folows: (Click on the icon to view the data.) The company prepares traditional (absorption costing) income statements for its bankers. Violins and More would also like to prepare contribution margin income statements for management use. Read the reguirements: Compute the following amounts that would be shown on these income statements: Requirement 1. Gross Profit Identfy the formula, then compute the gross profi. =Grossprofit Data table (Click on the icon to view the data.) The company prepares traditional (absorption costing) income statements for its bankers. Violins and More would also like to prepare contribution margin i Re Requirements Cd Compute the following amounts that would be shown on these income statements: 1. Gross Profit 2. Contribution Margin 3. Total expenses shown below the gross profit line 4. Total expenses shown below the contribution margin line 5. Dolar value of ending inventory under absorption costing 6. Dollar value of ending inventory under variable costing 7. Which income statement will have a higher operating income? By how much? Explain