Tracey Packaged Snax reports the following information for November. 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 320,000 units) Required: 8. 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 Variable manufacturing costs Fixed manufacturing overhead costs 320,000 $ 5.60 1.25 0.50 0.40 1.15 0.35 0.75 Tracey Packaged Snax reports the following information for November. 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 320,000 units) 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 contribution margin income statement. Contribution Margin Income Statement 320,000 $ 5.68 1.25 8.50 0.48 1.15 8.35 8.75