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W 18. Cost-Volume-Profit Analysis - Cost Behavior & CM Income Statem... Sve 9 Problem 18-1A Contribution margin income statement and contribution margin rotio LO A1 1 Do The following costs result from the production and sale of 4,050 drum sets manufactured by Tight Drums Company for the year ended December 31, 2019. The drum sets sell for $255 each. The company has a 30% income tax rate. $72.900 336,150 109,150 54,800 Pre Variable production costs Fint for casing Wages of assembly workers Drum stands Variable selling costs Sales Comissions edwanufacturing costs Taxes on factory Factory maintenance Factory machinery depreciation Fixed selling and administrative costs Lease of count for sales staft Accounting staff salaries Administrative management salaries 10,500 21,000 31,000 Decences 21.000 71.000 151,000 Required: 1. Prepare a contribution margin income statement for the year 2 Compute its contribution margin per unit and its contribution margin ratio 3. For each dollar of sales, how much is left to cover foxed costs and contribute to operating income? Complete this question by entering your answers in the tabs below. Est-Volume-Profit Analysis - Cost Behavior & CM Income Statem. 1. Prepare a contribution margin income statement for the year, 2. Compute its contribution margin per unit and its contribution margin ratio. 3. For each dollar of sales, how much is left to cover fixed costs and contribute Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a contribution margin income statement for the year TIGHT DRUMS COMPANY Contribution Margin Income Statement For Your Endad December 31, 2019 Sales Variable costs Plastic for casing Wages of assembly workers Drum stands Sales commissions Total variable costs Contribution margin Fixed costs Taxes on factory Factory maintenance Factory machinery depreciation Lease of equipment for sales stati Accounting staff salaries Administrative management salaries Total fixed costs Pretax income Income tax