The following data are from the accounting records of Niles Castings for year 2. 89,000 Units produced and sold Total revenues and costs Sales revenue Direct materials costs Direct labor costs Variable manufacturing overhead Fixed manufacturing overhead Variable marketing and administrative costs Fixed marketing and administrative costs $270,000 65,000 34,000 11,000 44,000 13,500 38,000 Required: a. Prepare a gross margin income statement . b . Prepare a contribution marqin income statement

The following data are from the accounting records of Niles Castings for year 2. 89,000 Units produced and sold Total revenues and costs Sales revenue Direct materials costs Direct labor costs Variable manufacturing overhead Fixed manufacturing overhead Variable marketing and administrative costs Fixed marketing and administrative costs $270,000 65,000 34,000 11,000 44,000 13,500 38,000 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 gross margin income statement. Gross Margin Income Statement Sales revenue Direct materials costs Direct labor costs Gross margin Fixed manufacturing overhead costs Fixed marketing and administrative costs Operating profit Required A Required B > The following data are from the accounting records of Niles Castings for 89,000 Units produced and sold Total revenues and costs Sales revenue Direct materials costs Direct labor costs Variable manufacturing overhead Fixed manufacturing overhead Variable marketing and administrative costs Fixed marketing and administrative costs $270,000 65,000 34,000 11,000 44,000 13,500 38,000 Required: a. Prepare a gross margin income statement. b. Prepare a contribution margin income statement. ces 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 Sales revenue Direct materials costs Direct labor costs Contribution margin