The following costs result from the production and sale of 4,450 drum sets manufactured by Tight Drums Company for the year ended December 31, 2017. The drum sets sell for $295 each. The company has a 30% income tax rate. Variable production costs $115, 700 404,950 155,750 Plastic for casing Wages of assembly workers Drum stands Variable selling costs Sales comeissions 106,800 Fixed sanufacturing costs Taxes on factory Factory eaintenance Factory machinery depreciation 14, 500 29, 000 89, 800 Fixed selling and administrative costs Lease of equipment for sales staff Accounting staff salaries Administrative management salaries 29,000 79,000 159,000 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 www.youtube.com now BRONNY DUNKS with EASE-Blue Chips h Requred 1 Required 2 CityLeagueHoops Tv