Income Statement - Cover-to-Cover Income Statement - Biblio Files Cover-to-Cover Company Biblio Files Company Contribution Margin Income Statement Contribution Margin Income Statement For the Year Ended December 31, 2047 For the Year Ended December 31, 2017 1 Sales $424,000.00 1 Sales $424,000.00 2 Variable costs: 2 Variable costs: 3 Manufacturing expense $233,200.00 $169,600.00 4 Selling expense 21,200.00 16,960.00 3 Manufacturing expense 4 Selling expense 5 Administrative expense Contribution margin 5 Administrative expense 63,600.00 318,000.00 67,840.00 254.400,00 6 Contribution margin $106,000.00 6 $169,600.00 7 Fixed costs: 7 Fixed costs: 8 Manufacturing expense $5,000.00 $88,000.00 9 Selling expense 4,000.00 8 Manufacturing expense 9 Selling expense 10 Administrative expense 8,000.00 10 Administrative expense 33,400.00 42,400.00 10,000.00 106,000.00 11 Income from operations $63,600.00 11 Income from operations $63,600.00 Contribution Margin Shaded cells have feedback. X Review the contribution margin income statements for Cover-to-Cover Company and Biblio Files Company on their respective Income Statements panels. Complete the following table from the data provided in the income statements. Each company sold 84,800 units during the year. Cover-to-Cover Company Biblio Files Company % % Contribution margin ratio (percent) Unit contribution margin Break-even sales (units) $ Break-even sales (dollars) $ $ Points: 078