The Read Compute the flowing amoun would be shown on these income statements Requirement Gross Prof Identify the formula, than compute Gross proft Requirement 2. Contribution Margin Identify the formula, then compute the contribution margin Contribution margin Requirement 3. Total expenses shown below the gross profit line Requirements Compute the following amounts that would be shown on these income statements 1. Gross Prof 2. Contribution Margin 3. Total expenses shown below the gross profit ne 4. Total expenses shown below the contribution margin line 5. Dollar value of ending inventory under absorption costing Dollar value of ending inventory under variable costing 7. Which income statement will have a higher operating Income? By how much? Explain Print Done