100.000 80,000 $30 $14 52 $630,000 $100.000 6 Data Section: 7 8 Actual production in units 9 Sales in units 10 Sales price per unit 11 Variable manufacturing costs per unit 12 Variable selling costs per unit 13 Fired manufacturing costs 14 Foed selling expenses 15 16 Answer Section: 17 Income statement: Absorption costing 18 19 Sales 20 Cost of goods sold: 21 Variable manufacturing costs 22 Fixed manufacturing costs 23 24 Total goods available for sale 25 Less ending inventory 26 27 Cost of goods sold 28 29 Gross profit 30 Fived selling expenses 31 Variable selling expenses 32 33 Operating income FORMULA1 FORMULAR FORMULA SO FORMULA 4 SO 50 FORMULAS FORMULA SO SO FORMULA7 FORMULAS SO 35 Income statement: Variable costing 36 37 Sales 38 Cost of goods sold: 39 Variable manufacturing costs 40 Less ending inventory 41 42 Variable cost of goods sold 43 44 Manufacturing margin 45 Variable selling expenses 46 47 Contribution margin 48 Fixed manufacturing costs 49 Fixed selling expenses 50 51 Operating income 52 SO FORMULA SO FORMULA 10 0 SO ==========