Variable Cost, Fixed Cost, Contribution Margin Income Statement 4 Chillmax Company plans to sell 3,500 pairs of casual shoes at $60 each in the coming year. Product costs include: Direct materials per pair $ 12 Direct labor per pair Variable factory overhead per pair Total fixed factory overhead 30,000 Variable selling expense is a commission of $3 per pair; fixed selling and administrative expense totals $48,000. Required: 2 1. Calculate the total variable cost per unit. 21 2. Calculate the total fixed expense for the year. $78,000 3. Prepare a contribution margin income statement for Chillmax Company for the coming year. Enter all amounts as a positive number Chillmax Company Contribution Margin Income Statement For the Coming Year Total Per Unit Sales 210,000 X Total variable cost 73,500 Total contribution margin 136,500 Total fixed cost 78,000 Operating income 58,500