m v1 Spring 2017 tt1: Contribution Reporting vs. Absorption Reporting (20 points) wing data were extracted from the accounting records of Nina Garcia Fashi Current Monthly Volume 75,000 units Selling Price $120 per unit Manufacturing Costs: Direct Materials $25 per unit x Direct Labor $10 per unit Variable overhead $8 per unit x Fixed Overhead $12 per unit Selling, General, and Administrative Costs: Sales Commissions $2 per unit Promotions 5% of Sales plus $38,000 per month Other Selling $350,000 per month General and Administrative $800,000 per month are a contribution format income statement at the current level of volume. (6 must clearly present detailed supporting calculations for the amounts presented ment to receive full credit. Nina Garcia Fashion Accessories Monthly contribution Income Statement