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I just need the rest of the income statement. Instructions Head-First Company plans to sell 5,200 bicycle helmets at $80 each in the coming year.
I just need the rest of the income statement. Instructions Head-First Company plans to sell 5,200 bicycle helmets at $80 each in the coming year. Product costs include: $ 32 8.75 Direct materials per helmet Direct labor per helmet Variable factory overhead per helmet Total fixed factory overhead 5.25 20,000 Variable selling expense is a commission of $2,50 per helmet; fixed selling and administrative expense totals $29,400. Required: 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. Contribution Margin Income Statement Head-First Company Score: 18/56 Contribution Margin Income Statement For the Coming Year 1 Total Per Unit 2 Sales $416,000.00 3 Total variable cost 4 Total contribution margin 5
I just need the rest of the income statement.
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