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Variable costs Plastic for casing Wages of assembly workers Drum stands Sates commissions Fixed costs Taxes on factory Factory maintenance Factory machinery depreciation Lease of equipment for sates staff Accounting staff salaries Administrative salaries Required: The following costs result from the production and sale of 4,250 drum sets manufactured by Tight Drums Company for the year ended December 31. The drum sets sell for $275 each. 369,750 131,75 75, 155, 93,500 85. 12,5 25, 85, 25,eo 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 Required Required 1 2 3 Compute contribution margin per unit and contribution margin ratio. (Round Contribution margin ratio to nearest whole percentage.) GHT DRUMS COMPANY Contribution Margin Income Statement (partial) For Year Ended December 31 Sales Variable costs: Total variable costs Contribution margin Required 1 Per Unit Required 3