QUESTION #1 (16 marks) (29 mins) The Amazon Company makes a single product called a Kindle. The company has the capacity to produce 40,000 LANS per year. Using Absorption costing, per-unit costs to produce one Kindle at a 40,000-activity level follow: Direct Materials $20 Direct Labour $10 Variable Manufacturing Overhead $ 5 5 Fixed Manufacturing Overhead* $ 7 Variable Selling Expense $ 8 Fixed Selling Expense* $ 2 * Based on 40,000 units produced The regular selling price for one LAN is $60. Required: a) Prepare a Contribution format Income Statement, in good form, for the company at the 30,000 units of Sales level. (8 marks)