Variable Cost, Fixed Cost, Contribution Margin Income Statement

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	4
	Variable factory overhead per pair	2
	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:

1. Calculate the total variable cost per unit. $fill in the blank bd1532f9d06b036_1

2. Calculate the total fixed expense for the year. $fill in the blank bd1532f9d06b036_2

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	$fill in the blank bc36a9fdcfa6053_1	$fill in the blank bc36a9fdcfa6053_2
Total variable cost	fill in the blank bc36a9fdcfa6053_3	fill in the blank bc36a9fdcfa6053_4
Total contribution margin	$fill in the blank bc36a9fdcfa6053_5	$fill in the blank bc36a9fdcfa6053_6
Total fixed cost	fill in the blank bc36a9fdcfa6053_7
Operating income	$fill in the blank bc36a9fdcfa6053_8