HANDOUT 1 - COST BEHAVIORS \& CONTRIBUTION MARGIN INCOME STATEMENT THIS HANDOUT CONSISTS OF PARTS A AND B PART A Gifford's Goofy Toys has an on-line business where it sells a variety of hand-made toys. The company purchases the items from local wood workers and artisans and ships them all over the world. Identify each of the following costs incurred by Curtis in terms of its cost behavior - variable, fixed, mixed, or step. PART B Cleveland Coats is a local specialty coat retailer. The store's accountant, Megan, prepared the following traditional income statement for the month ended January 31, 20Y3. Using the information provided, complete the contribution margin income statement for January 20Y3. You are required to show your work in the table below