or beginning violin students. The company produced 2.000 violine in its first month of operations. At month-end, 600 shed violine remained unsold. There w Violins-by- process. Violins were sold for $112.50 each. Total costs from the month are as follows: (Click to view the data) The company prepares traditional (absorption costing) income statements for its bankers. Hannah would also like to prepare contribution margin income statements for management use Read the requirements Data table Compute the following amounts that would be shown on these income statements Requirement 1. Gross Profit Direct materials used. 82,000 Identify the formula, then compute the gross prof Direct labor.. 45,000 Variable manufacturing overhead 33,000 Gross profit Fixed manufacturing overhead. $ 40,000 Requirement 2. Contribution Margin Identify the formula, then compute the contribution margin Contribution margin Variable selling and administrative expenses.. Fixed selling and administrative expenses 0.000 11,900 Requirement 3. Total expenses shown below the gross profit line Print Done Inventory in work i