Complete a variable costing income statement

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A business operated at 100% capacity during its first month of operations, with the following results:

Sales (90 units)                         $90,000

Production costs (100 units)

Direct materials          $40,000

Direct labor               20,000

Variable factory overhead 2,000

Fixed factory overhead   7,000

Total manufacturing costs 69,000

Operating expenses:

Variable

Variable operating expenses $ 8,000

Fixed operating expenses 1,000

Total operating expenses   9,000

Question 1: Use this information to complete a variable costing income statement.

Reference no: EM132594302

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