9 Companson sorption Statement Saxon, Inc. Absorption Costing Income Statement For the Year Ended December 31 Sales 2 Cost of goods sold: 1,200,000.00 Beginning inventory Cost of goods manufactured Ending inventory $0.00 800,000.00 (200,000.00) 6 Total cost of goods sold 7Gross proft 8 Selling and administrative expenses 600,000.00 5600,000.00 75,000.00 325,000.00 Income from operations y Work 10 more Check My Work uses remaining. Ema anabie Statement Absorption vs. Variable Method Comparison Review the income statements on the Absorption Statement and Variable Statement panels, hen complete the tollowing lable. The comparysles price per unt s $80.00, and the number of units in ending inventory is 5,000 Amount Item Number of units sold Variable sales and administrative cost per unit Number of units manufactured Variable cost of goods manufactured per unit Flxed manufacturing cost per unit ontribution Margin Analysis 1 Planned contribution margin 2 Effect of changes in sales: s Sales quantity factor Unit price factor s Total effect of changes in sales 6 Effect of changes in variable cost of goods sold: Variable cost quantity factor 8 Unit cost factor 9 Total effect of changes in variable cost of goods sold 10 Effect of changes in selling and administrative expenses: 1 Variable cost quantity factor 2 Unit cost factor 13 Total effect of changes in selling and administrative expenses Actual contribution margin Contribution Margin Data Examine the following contribution margin data, and then complete the Contribution Margin Analysis p Saxon, Inc. Contribution Margin Data Schedule Actual Planned $1,200,000 $1,190,000 Sales Variable cost of goods sold Variable selling and administrative expenses $420,000 $462,000 210,000 $630,000 $616,000 $570,000 $574,000 154,000 Total Contribution margin Number of units sold Per unit: Sales price Variable cost of goods sold 15,000 14,000 $80.00 $85.00 28.00 14.0011.00 33.00 Variable selling and administrative expenses Check My Work 10 more Check My Work uses remaining