Prepare a contribution margin income statement for X-Ray Manufacturing using the following information:

Sales

$4,729,302

Fixed overhead

1,382,842

Direct labor

487,202

Direct materials

678,302

Selling expenses

378,972

Administrative expenses

482,731

Variable overhead

248,528

Interest expense

127,456

Income tax

330,144

X-Ray Manufacturing
Contribution Margin Income Statement
Sales		Amount
Variable costs:
Item	Amount
Item	Amount
Item	Amount
Total variable costs		Amount
Contribution margin		Amount
Item		Amount
Gross margin		Amount
Item	Amount
Item	Amount
Total selling and administrative expenses		Amount
Operating income		Amount
Item		Amount
Income before taxes		Amount
Item		Amount
Income before taxes		Amount