Question: Contribution Margin Income Statement. Last year Rawley, Inc., sold its product for $250 per unit. Production costs totaled $40,000 (25 percent fixed, 75 percent variable).

  1. Contribution Margin Income Statement. Last year Rawley, Inc., sold its product for $250 per unit. Production costs totaled $40,000 (25 percent fixed, 75 percent variable). Selling and administrative costs totaled $150,000 (10 percent fixed, 90 percent variable). Rawley produced and sold 1,000 units last year.

    Required:

    Prepare a contribution margin income statement for Rawley, Inc.

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