Based on the following assumptions, calculate the Contribution Margin and the Contribution Income Statement.
1. 250 Units are Sold
2. Per Unit cost is $75
3. Variable costs = $35 per unit
4. Fixed costs are $3,500
a. What is the Revenue?
b. What are the Variable costs?
c. What is the Contribution Margin?
d. What is the Operating Income? Units Per Unit Sold Cost Amount Revenue Variable Costs Contribution Margin Fixed Costs Operating Income