Polarix is a retailer of ATVs (all-terrain vehicles) and accessories. An income statement for its Consumer ATV Department for the current year follows. ATVs sell for $3,600 each. Variable selling expenses are $310 per ATV. The remaining selling expenses are fixed. Administrative expenses are 30% variable and 70% fixed. The company does not manufacture its own ATVs; it purchases them from a supplier for $1,810 each.

POLARIX Income StatementConsumer ATV Department For Year Ended December 31, 2017
Sales				$	619,200
Cost of goods sold					311,320
Gross margin					307,880
Operating expenses
Selling expenses	$	160,000
Administrative expenses		42,500			202,500
Net income				$	105,380

Required:

1. Prepare an income statement for this current year using the contribution margin format. (Round contribution margin per ATV to the nearest dollar amount.)

Bookmarks New Tab f (4) Facebook Y Yahoo! Log On - My Pay & B Required: 1. Prepare an income statement for this current year using the contribution margin format POLARIX Income Statement - Consumer ATV Department For Year Ended December 31, 2015 Net income (loss) For each ATV sold during this year, what is the contribution toward covering fixed expenses and earning income? Contribution margin per ATV