Question: Chapter 21 6) The following data has been provided by Zimtex, Inc. for the year. Units produced and sold Sales price Direct materials Direct labor

Chapter 21 6) The following data has been provided by Zimtex, Inc. for the year. Units produced and sold Sales price Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling and administrative costs$150,000per yea 5,500units $300 per un 90 per un S50 per uni 40 per uni 110,000per yea There are no beginning inventories. Prepare an income statement using the contribution margin format Answer template: Zimtex, Inc. Income Statement Year Ended December 31, 20XX Sales Revenue - Variable Costs* Contribution Margin Fixed Costs* Operating Income

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