Sat 12. What are the three things it takes to manufacture any product? (3 points) (fill in the blank) 13. Is Direct Materials an example of variable period costs? Yes or No (circle your answer) 14. Manufacturing Overhead can be divided into fixed and variable. True or False (circle) Problem V. Contribution Margin Income Statement (17 points) Lemonade Sellers incurs the following costs for its powdered mix in March 2019. Direct materials cost per case $8.00 per case Direct labor cost per case $3.00 per case Variable manufacturing overhead cost per case $2.00 per case Variable selling and administrative costs $0.50 per case Total fixed manufacturing overhead costs $50,000 per month Total fixed selling and administrative costs $25,000 per month Sales price per case $25.00 per case Cases of powdered mix produced and sold 8,000 cases Create a contribution margin income statement for March 2019 based on producing and selling 8,000 cases. CM Rev - VC