Prepare a contribution margin income statement for the company

Compute its contribution margin per unit

1. 10.00 points Problem 18-1A Contribution margin income statement and contribution margin The following costs result from the production and sale of 4,500 drum sets manufactured by Tom Thompson Company for the year ended December 31, 2013. The drum sets sell for $300 each. The company has a 35% income tax rate Variable production costs Plastic for casing Wages of assembly workers Drum stands $121,500 414,000 162,000 Variable selling costs Sales commissions 112,500 Fixed manufacturing costs Taxes on factory Factory maintenance Factory machinery depreciation 15,000 30,000 90,000 Fixed selling and administrative costs Lease of equipment for sales staff Accounting staff salaries Administrative management salaries 30,000 80,000 160,000 Required: 1. Prepare a contribution margin income statement for the company TOM THOMPSON COMPANY Contribution Margin Income Statement For Year Ended December 31, 2013 Sales S 1.350,000