e https://mailgoogle com/mail/u/0/#nbox/161e4cS06e42362?projector: 1&messagef aSearch 3) Betsy's Gift Baskets sells gift baskets, on average, for $125; each gift basket costs, on average, $60. Betsy pays salaries each month of S1,300 and her store rent is $1,000 per month. She also pays sales commissions of 5% of the sales price. In May, 140 gift baskets were sold. Required: b. Prepare a contribution margin income statement for the month of May a traditional income statement for the month of May sly Limited, a manufacturer of a variety of products, uses an activity-based costing system. Information from its system for the year for all products follows $584,20023,000 machine-hours S341,700 524,480 8,500 inspection-hours 160 orders Bilingsly Limited makes 450 of its product B63 per customer orders, which requires a total of 53 machine hours, 13 inspection hours, and 19 orders. Product B63 requires $45.70 in direct materials per unit and $58.20 in direct labor per unit. Product B63 sells for $265 per unit. If all 450 units are sold, what is the product (gross) margin in total for Product B632 (7 points) Scanned by CamScanner