1 takeAssignment/takeAssignment Main.do?invokere&takeAssignmentSession locator &inprogresset Variable Costing Income Statement For the Year Ended December 31, 2011 Sales $1,080,000 Variable cost of goods sold: Variable cost of goods manufactured $611,000 Inventory, December 31 (91,000) Total variable cost of goods sold 520,000 Manufacturing margin $560,000 Total variable selling and administrative expenses 128,000 Contribution margin 5432,000 Fixed costs: Fixed manufacturing costs $277,300 Fixed selling and administrative expenses 89,000 Total fixed costs 365,300 Income from operations $66,700 Determine the unit cost of goods manufactured based on cay the variable conting concept and (b) the absorption costing concepto Variable costing Absorption costing Check My Work Save and Submit Asegment eBook Cost of Goods Manufactured, using Variable Costing and Absorption Costing On December 31, the end of the first year of operations, Frankenreiter Inc., manufactured 4,700 units and sold 4,000 units. The following income statement was prepared, based on the variable casting concept: Frankenreiter Inc Variable Costing Income Statement For the Year Ended December 31, 2011 Sales $1,080,000 Variable cost of goods sold: Variable cost of goods manufactured $611,000 Inventory, December 31 (91,000) Total variable cost of goods sold 520,000 Manufacturing margin $560,000 Total variable selling and administrative expenses 128,000 Contribution margin 19432,000 Fixed costs: Fixed manufacturing costs $277.300 Fixed selling and administrative expenses 88,000 Total fixed costs 365,300 Income from operations $66,700 Determine the unit cost of goods manufactured, based on the variable costing concept and (b) the absorption costing concept Neat Check My Work 1241 PM Determine the unit cost of goods manufactured, based on () the variable costing concept and (b) the absorption costing concept. Variable costing Absorption costing Check My Work