Question: I tried to do this by myself, but am finding myself struggling in a few areas. Question 1 I think I did right. Question two



The following costs result from the production and sale of 1,000 drum sets manufactured by Tight Drums Company for the year ended December 31 . The drum sets sell for $500 each. Required: 1. Prepare a contribution margin income statement for the year. 2. Compute contribution margin per unit and contribution margin ratio. 3. For each dollar of sales, how much is left to cover fixed costs and contribute to income? Prepare a contribution margin income statement for the year. Compute contribution margin per unit and contribution margin ratio. For each dollar of sales, how much is left to cover fixed costs and contribute to income? (Round your answer to 2 decimal places.) For each dollar of sales, how much is left to cover fixed costs and contribute to income
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