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Gross margin income statement

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Reference no: EM13878289

Carmen Beverages reports the following information for July:

Units produced and sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,800
Per unit revenue and costs: 
Sales revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3.20
Direct materials costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.20
Direct labor costs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.16
Variable manufacturing overhead . . . . . . . . . . . . . . . . . . . . . 0.06
Fixed manufacturing overhead based 
on a volume of 18,800 units. . . . . . . . . . . . . . . . . . . . . . . . 0.92
Variable marketing and administrative costs . . . . . . . . . . . . . 0.48
Fixed marketing and administrative costs
based on a volume of 18,800 units . . . . . . . . . . . . . . . . . . 1.00

Requirment : Prepare :

a. A gross margin income statement. 

b. A contribution margin income statement.

Reference no: EM13878289

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