Account Analysis and Contribution Margin Income Statement. Madden Company would like to estimate costs associated with...

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Account Analysis and Contribution Margin Income Statement. Madden Company would like to estimate costs associated with its production of football helmets on a monthly basis. The accounting records indicate the following production costs were incurred last month for 4,000 helmets. Assembly workers' labor (hourly) Factory rent Plant manager's salary Supplies Factory insurance Materials required for production $70,000 3,000 5,000 20,000 12,000 20,000 Maintenance of production equipment (based on usage) 18,000 b. C. Required: a. Use account analysis to estimate total fixed costs per month and the variable cost per unit. State your results in the cost equation form Y=f+vX by filling in the dollar amounts for f and v. Estimate total production costs assuming 5,000 helmets will be produced and sold. Prepare a contribution margin income statement assuming 5,000 helmets will be produced, and each helmet will be sold for $70. Fixed selling and administrative costs total $10,000. Variable selling and administrative costs are $8 per unit. Account Analysis and Contribution Margin Income Statement. Madden Company would like to estimate costs associated with its production of football helmets on a monthly basis. The accounting records indicate the following production costs were incurred last month for 4,000 helmets. Assembly workers' labor (hourly) Factory rent Plant manager's salary Supplies Factory insurance Materials required for production $70,000 3,000 5,000 20,000 12,000 20,000 Maintenance of production equipment (based on usage) 18,000 b. C. Required: a. Use account analysis to estimate total fixed costs per month and the variable cost per unit. State your results in the cost equation form Y=f+vX by filling in the dollar amounts for f and v. Estimate total production costs assuming 5,000 helmets will be produced and sold. Prepare a contribution margin income statement assuming 5,000 helmets will be produced, and each helmet will be sold for $70. Fixed selling and administrative costs total $10,000. Variable selling and administrative costs are $8 per unit.