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Prepare a contribution margin income statement for X-Ray Manufacturing using the following information: Sales $4,729,302 Fixed overhead 1,382,842 Direct labor 487,202 Direct materials 678,302 Selling

Prepare a contribution margin income statement for X-Ray Manufacturing using the following information:

Sales $4,729,302
Fixed overhead 1,382,842
Direct labor 487,202
Direct materials 678,302
Selling expenses 378,972
Administrative expenses 482,731
Variable overhead 248,528
Interest expense 127,456
Income tax 330,144
X-Ray Manufacturing
Contribution Margin Income Statement
Sales Amount
Variable costs:
Item Amount
Item Amount
Item Amount
Total variable costs Amount
Contribution margin Amount
Item Amount
Gross margin Amount
Item Amount
Item Amount
Total selling and administrative expenses Amount
Operating income Amount
Item Amount
Income before taxes Amount
Item Amount
Income before taxes Amount

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