The following costs result from the production and sale of 4,600 drum sets manufactured by Tight Drums Company for the year ended December 31, 2017. The drum sets sell for $310 each. The company has a 25% income tax rate. $133,400 432,400 174.800 124,200 Variable production costa Plastle for casing Wages of assembly workers Drus stands Variable selling costs Sales comissions Fixed manufacturing coate Taxes on factory Tactory maintenance Factory machinery depreciation Fixed selling and administrative costa Lease of equipment for sales staff Mounting staff salaries Ministrative management salaries 9.000 18.000 78,000 18,000 68,000 148.000 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 1 Required 2 Prepare a contribution margin income statement for the company. - Required 1 Required 2 Prepare a contribution margin income statement for the company. 4:23:00 TIGHT DRUMS COMPANY Contribution Margin Income Statement For Year Ended December 31, 2017 pped Sales Variable costs: Print ferences Total variable costs Contribution margin Fixed costs Total fixed costs 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 1 Required 2 Compute its contribution margin per unit and its contribution margin ratio. (Round Contribution margin ratio to nearest whole percentage.) TIGHT DRUMS COMPANY Contribution Margin Income Statement (partial) For Year Ended December 31, 2017 Per Unit Sales Variable costs: Total variable costs Contribution margin ( Required 1 Roured