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Instructions Head-First Company plans to sell 4,700 bicycle helmets at $75 each in the coming year. Product costs include: $31 Direct materials per helmet Direct
Instructions Head-First Company plans to sell 4,700 bicycle helmets at $75 each in the coming year. Product costs include: $31 Direct materials per helmet Direct labor per helmet Variable factory overhead per helmet Total fixed factory overhead 6.50 2.75 20,000 Variable selling expense is a commission of $3.00 per helmet; fixed selling and administrative expense totals $28,600 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
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