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Instructions Amount Descriptions Ratios Contribution Margin Income Statement Instructions Head-Fint Company plans to sell 4,200...

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Accounting

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Instructions Amount Descriptions Ratios Contribution Margin Income Statement Instructions Head-Fint Company plans to sell 4,200 bleycle helmets at 567 each in the coming year. Unit variable cost is $39.33 includes direct materiale, direct laber, variable factory overhead, and variable sing expense). Fixed factory overhead 510,000 and loved selling and administrative expenso is $29,400. Required: 1. Calculate the variable cost ratio 2. Calculate the contribution marginato 3. Prepare a contribution margin income statement based on the budgeted figures for next year in a count to the income statement show the percentages based on sales for sale, total variable cost and to contribution margin

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