The controller at Wesson Company's manufacturing plant has provided you with the following information for the first quarter's operations:

Direct materials $ $99$ per unit

Fixed manufacturing overhead costs $ $2,370,000$

Sales price $ $355$ per unit

Variable manufacturing overhead $ $40$ per unit

Direct labor $ $57$ per unit

Fixed marketing and administrative costs $ $273,000$

Units produced and sold during the quarter $45,000$

Variable marketing and administrative costs $ $4$ per unit

Required:

Prepare a gross margin income statement.

Prepare a contribution margin income statement. The controller at Wesson Company's manufacturing plant has provided you with the following information for the first quarter's

operations:

Required:

a$.$ Prepare a gross margin income statement.

b$.$ Prepare a contribution margin income statement.

Complete this question by entering your answers in the tabs below.

Prepare a gross margin income statement. The controller at Wesson Company's manufacturing plant has provided you with the following information for the first quarter's

operations:

Required:

a$.$ Prepare a gross margin income statement.

b$.$ Prepare a contribution margin income statement.

Complete this question by entering your answers in the tabs below.

Required $A$

Required B

Prepare a contribution margin income statement.

Contribution Margin Income Statement