MANAGERIAL ACCOUNTING HANDOUT PROBLEM 3 Score Name Section Problem (10 points). The contribution margin income statement of Firth Pizzcria for May 20X6 is provided bclow FIRTH PIZZERIA CONTRIBUTION MARGIN INCOME STATEMENT FOR MONTH OF MAY 20x6 Sales Revenue 160,000 Variable Expenses Cost of Goods Sold Selling Expenses General and Administrative Expenses 32,000 25,000 3,000 Total Variable Expenses Contribution Margin Fixed Expenses: 60,000 100,000 Selling Expenses 27,000 General and Administrative Expenses Total Fixed Expenses Operating Income Income Tax Expense Net Income 10.500 37.500 62.500 12,500 50,000 Firth sells three small pizzas for every large pizza. A small pizza sells for S10, with a variable expense of S4.25. A large pizza sells for S20, with a variable expense of S6