Tracey Packaged Snax reports the following information for November 320,000 3.10 1.00 Units produced and sold Per unit revenue and costs: Sales revenue Direct materials costs Direct labor costs Variable manufacturing overhead Fixed manufacturing overhead (at 320,000 units) Variable marketing and administrative costs Fixed marketing and administrative costs (at 328,000 units ) 0.15 8.98 0.58 Required : a. Prepare a gross margin income statement b. Prepare a contribution margin income statement

Tracey Packaged Snax reports the following information for November: 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