The following costs result from the production and sale of 1.000 drum sets manufactured by Tight Drums Company for the year ended December 31, 2017. The drum sets sell for $500 each. The company has a 25% income tax rate. $ 17,000 82.000 26.000 Book 15,000 Print Variable production coats Plastie for casing Wages of assembly workers Drum stands Variable selling costs Sales Commissions Tixed manufacturing conta Taxes on factory Factory maintenance Tactory machinery depreciation Tixed selling and administrative costa Lease of equipment for sales statt Necounting statt Salaries Administrative management salaries References 5.000 10,000 40,000 10.000 35,000 125.000 Required: 1. Prepare a contribution margin income statement for the company 2. Compute its contribution margin per unit and its contribution margin ratio Complete this question by entering your answers in the tabs below. Required i Required 2 1 of 7 !!! Next > TIGHT DRUMS COMPANY Contribution Margin Income Statement (partial) For Year Ended December 31, 2017 Per Unit Sales Variable costs: 11 1 TL 1 ITS 15 Total variable costs Contribution margin $ 360 Contribution Margin Ratio S 100% Sales Variable costs Contribution m 360 E