Violins Galore produces? student-grade violins for beginning violin students. The company produced 2,200 violins in its first month of operations. At? month-end, 550 finished violins remained unsold. There was no inventory in work in process. Violins were sold for $117.50 each. Total costs from the month are as? follows:

Compute the following amounts that would be shown on these income? statements:

1. Gross Profit

2. Contribution Margin

3. Total expenses shown below the gross profit line

4. Total expenses shown below the contribution margin line

Direct materials used	$94,800
Direct labor	$60,000
Variable manufacturing overhead	$30,000
Fixed manufacturing overhead	$41,800
Variable selling and administrative expenses	$7,000
Fixed selling and administrative expenses	$13,700