Part 2: Use only the information in Part 2 to prepare a Contribution Margin Income Statement and a Gross Margin Income Statement for the month of July 2021. Assume the company produced and sold 10,000 units and there were no units in inventory on July 1, 2021. All reports should be prepared in Excel with good form.

The cost accountant for the ABC Company has provided you with the following information for the month of July:

Total Fixed Costs Direct labor Direct materials Manufacturing overhead Marketing costs Administrative costs Selling price Variable costs Per unit $27.30 84.73 14.25 3.30 2.90 210.00 S120.000 30.000 75.000