Question: 4 Part 2: Use only the information in Part 2 to prepare a Contribution Margin Income Statement and a Gross Margin Income Statement for the

4 Part 2: Use only the information in Part 2 to prepare a Contribution Margin Income Statement and a Gross Margin Income Statement

4 Part 2: Use only the information in Part 2 to prepare a Contribution Margin Income Statement and a Gross Margin Income Statement for the month of July 2022. Assume the company produced and sold 15,000 units and there were no units in inventory on July 1, 2022. All reports should be prepared in Excel with good form. The cost accountant for the GEM Company has provided you with the following information for the month of July n Variable Costs Per unit Total Fixed Costs Direct labor Direct materials manufacturing overhead 33.00 97.46 17.81 132,000 Marketing Costs 6.36 60,000 Administrative Costs 3.34 82,500 Selling Price 252 Units produced and sold 15,000

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