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  3. fletcher corporation prepared the following income

Fletcher Corporation prepared the following income statement for the fourth quarter in 2020. Sales revenue...

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Accounting

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Fletcher Corporation prepared the following income statement for the fourth quarter in 2020. Sales revenue (32,200 units) Less: Costs of goods sold Gross margin Less: Selling & administrative expenses Net income $941, see 592,100 348,900 186,800 $162, 100 Fletcher's annual fixed manufacturing expenses, incurred uniformly each quarter, amount to $839,900, it also pays a sales commission of $1 per unit to its sales personnel. Required: Prepare a contribution margin income statement for the fourth quarter in 2020. (Round "Per-unit dollars" to 2 decimal places and "Percentages of sales" to 1 decimal place.) FLETCHER CORPORATION Contribution Margin Income Statement For the Fourth Quarter in 2020 Total Per Unit % % Less: Variable costs Fletcher's annual fixed manufacturing expenses, incurred uniformly each quarter, amount to $839,900; it also pays a sales commission of $1 per unit to its sales personnel. Required: Prepare a contribution margin income statement for the fourth quarter in 2020. (Round "Per-unit dollars" to 2 decimal places and "Percentages of sales" to 1 decimal place.) FLETCHER CORPORATION Contribution Margin Income Statement For the Fourth Quarter in 2020 Total Per Unit % % Less: Variable costs % % Less: Fixed costs

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