Question: need help on required questions Problem 18-2B Contribution margin income statement and contribution margin ratio A1 The following costs result from the production and sale

need help on required questions

Problem 18-2B Contribution margin income statement and contribution margin ratio A1 The following costs result from the production and sale of 12,000 LEGO sets manufactured by LEGO Company for the year ended December 31 . The LEGO sets sell for $20 each. VariablecostsPlasticforLEGOsetsWagesofassemblyworkersLabelingSalescommissionsFixedcostsRentonfactoryFactorycleaningserviceFactorymachinerydepreciationLeaseofofficeequipmentOfficestaffsalaries$3,00030,0003,0006,0006,7504,52020,0001,05015,000120,000 Required 1. Prepare a contribution margin income statement for the year. 2. Compute contribution margin per unit and contribution margin ratio. Analysis Component 3. For each dollar of sales, how much is left to cover fixed costs and contribute to income

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