Shamrock Inc. plans to sell $2,100$ Irish sweaters for $$350$ each in the coming year. Product costs include:

Line Item Description Cost

Direct materials per sweater $$40$

Direct labor per sweater $15$

Variable overhead per sweater $15$

Total fixed factory overhead $37,000$

Variable selling expenses are $$10$ per sweater, and fixed selling and administrative expenses total $$11,700.$

Required:

Question Content Area

A$.$ Calculate the total variable cost per unit.

B$.$ Calculate the total fixed expenses for the year.

C$.$ Prepare a contribution margin income statement for Shamrock Inc. for the coming year.

Shamrock Inc.

Contribution Margin Income Statement

For the Coming Year

Line Item Description Amoun