need help on this one

25 Problem 18-2A (Algo) Contribution margin income statement and contribution margin ratio LO A1 The following costs result from the production and sale of 4,550 drum sets manufactured by Tight Drums Company for the year ended December 31. The drum sets sell for $305 each. Variable costs Plastic for casing $ 127,400 423,150 Wages of assembly workers Drun stands 168,350 Sales commissions 118,300 Taxes on factory 9,500 Factory maintenance. 19,000 Factory machinery depreciation 79,000 Lease of equipment for sales staff 19,000 Accounting staff salaries 69,000 Administrative salaries 149,000 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? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute contribution margin per unit and contribution margin ratio. (Round Contribution margin ratio to nearest whole percentage.) TIGHT DRUMS COMPANY Contribution Margin Income Statement (partial) For Year Ended December 311 Fixed costs 6 2 points eBook Print O References Compute contribution margin per unit and contribution margin ratio. (Round Contribution margin ratio to nearest whole percentage.). TIGHT DRUMS COMPANY Contribution Margin Income Statement (partial) For Year Ended December 31 Per Unit Sales Variable costs: Plastic for casing Wages of assembly workers Drum stands Sales commissions Total variable costs Contribution margin