Naylor Manufacturing Inc. sold 8,490 units and recorded sales of $594,300 for the first month of 2020. In making the sales, the company incurred the following costs and expenses. Variable Fixed Cost of goods sold $276,880 $69,300 Selling expenses 65,100 34,800 Administrative expenses 14.600 36,800 Prepare a CVP income statement for the month ended January 31, 2020. NAYLOR MANUFACTURING INC. CVP Income Statement January 31, 2020 Sales Variable costs Contribution margin Fixed expenses Operating income List of Accounts NAYLOR MANUFACTURING INC. CVP Income Statement January 31, 2020 Total GA +A 594,300 +A +A $ Per Unit Question Part Score Calculate the contribution margin per unit. Contribution margin $ List of Accounts Question Part Score Calculate the contribution margin ratio. Contribution margin ratio List of Accounts per unit % --/4 --/0.5