The following costs result from the production and sale of $4,650$ drum sets manufactured by Tight Drums Company for the year ended December $31,2019.$ The drum sets sell for $$315$ each. The company has a $30\%$ income tax rate.Required:

Prepare a contribution margin income statement for the year.

Compute its contribution margin per unit and its contribution margin ratio.

For each dollar of sales, how much is left to cover fixed costs and contribute to operating income?

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