Question: I need help with the variable costs amount please. Check my work mode: This shows what is correct or incorrect for the work you have

I need help with the variable costs amount please.  I need help with the variable costs amount please. Check my
work mode: This shows what is correct or incorrect for the work

Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question Problem 5-1A Contribution margin income statement and contribution margin ratio LO A1 13 points The following costs result from the production and sale of 4,050 drum sets manufactured by Tight Drums Company for the year ended December 31, 201 The drumsets sell for $255 each. The company has a 30% income tax rate. Variable production costs Plastic for casing Wages of assembly workers Drum stands s 72,988 336,15e 189,350 Variable selling costs Sales commissions 64,880 Fixed manufacturing costs Taxes on factory Factory maintenance Factory machinery depreciation 10,500 21,ee0 81,808 Fixed selling and administrative costs Lease of equipment for sales staff Accounting staff salaries Administrative management salaries 21,809 71,880 151,88 Required: 1. Prepare a contribution margin income statement for the company 2. Compute its contribution margin per unit and its contribution margin ratio. Prey 10f 11ll Next > Return to Required 1 Required 2 Compute its contribution margin per unit and its contribution margin ratio. (Round Contribution margin ratio to nearest whole percentage.) TIGHT DRUMS COMPANY Contribution Margin Income Statement (partial) For Year Ended December 31, 2017 Per Unit Sales $255 Variable costs: Plastic for casing Wages of assembly workers Drum stands Sales 180 83 27 16 Total variable costs 144 Contribution margin Contribution Margin Ratio Sales 255 100% Variable costs 144 255% Prev 1of 1 Next >

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