Question: Prepare : A) A gross margin income statement; B) A Contribution margin income statement 2-57. Gross Margin and Contribution Margin Income Statements Accounting records for

Prepare : A) A gross margin income statement; B) A Contribution margin income statement

2-57. Gross Margin and Contribution Margin Income Statements Accounting records for The Ralston Company show the following for the most recent fiscal year: Units produced and sold . . 59,500 Total revenues and costs Sales revenue . . $369,600 Direct materials costs .. 95,200 Direct labor costs . . . 47,600 Variable manufacturing overhead . . 23,800 Fixed manufacturing overhead . . . . 61,600 Variable marketing and administrative costs . . 19,500 Fixed marketing and administrative costs . . .. 46,700 Required Prepare: a. A gross margin income statement. b. A contribution margin income statement

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