Question 1: ABC company sold 1000 units of their product last year. The following data pertain to the operations of the ABC company for the year: No. of units sold: 1000 Total Sales: $750,000 Manufacturing costs: Total Variable expenses $300,000 Total Fixed expenses $160,000 Selling and Administrative expenses: Total Variable expenses: $75,000 Total Fixed marketing and administrative expenses: $150,000 This year they sold 1750 units of their product. Prepare a contribution format income statement for this year. Answer to Question 1