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Help Save &Exit 6 The following costs result from the production and sale of 5,000 drum sets manufactured by Tight Drums Company for the year December 31, 2017 The drum sets sell for $350 each. The company has a 25% income tax rate. Variable production costs Plastic for casing Wages of assembly workers Drum stands s 185,e00 1e,eee 23e,e00 Variable selling costs Sales commission:s 175,000 Fixed manufacturing costs Taxes on factory Factory maintenance Factory machinery depreciation 5,080 10,000 78,88e Fixed selling and adninistrative costs Lease of equipment for sales staff 18,e00 60,000 140,000 Accounting staff salaries Administrative management salaries Required 1. Prepare a contribution margin income statement for the company. 2. Compute its contribution margin per unit and its contribution margin ratio Complete this question by entering your answers in the tabs below statement for the company Margin In 60, 61 Next >