Head-First Company plans to sell 5,000 bicycle helmets at $70 each in the coming year. Product costs include:Direct materials per helmet ……………..$ 30Direct labor per helmet …………………….5Variable overhead per helmet ……….……12Total fixed factory overhead …………14,000Variable selling expense is a commission of $2 per helmet; fixed selling and administrative expense totals $15,400.Required:1. Calculate the total variable cost per unit.2. Calculate the total fixed expense for the year.3. Prepare a contribution margin income statement for Head-First Company for the coming year.