25

Holland Industries is a manufacturer of basketballs. Holland Industries began operations in this current year. Holland Industries produced 6,200 basketballs and sold 5,100 basketballs. Every basketball sold was sold at a unit price of $92. Holland Industries has fixed overhead costs that total $81,840. Holland Industries has fixed selling and administrative costs that total $65,400. Holland Industries has the following per unit costs for the current year: Holland Industries Variable Product Costs Holland Industries Variable Selling and Adm. Expenses $ 25.20 $ 2.20 For Holland Industries, prepare a variable costing income statement for the current year Holland Industries is doing business as (DBA) Aces Inc. ACES INC. Variable Costing Income Statement