Absorption CostingIncome Statement

On March 31, the end of the first month of operations, Sullivan Equipment Company prepared the following income statement, based on thevariable costingconcept:

Sullivan Equipment Campanyr Variable Easting Indeme Statement For the Manth Ended March 31 Sales [25434110 units} Variable cast bf gadds seld: Variable east bi gddds manufactured Inventory, Maren 31(35_Di] units} Tatal varia ble east bf gadds said | Manufacturing margin Variable selling and administrative expenses Cantributidn margin Fixed casts: Fixed manufacturing casts Fixed selling and administrative expenses Tatal xed bests Inebme fram ebe ratians $4 5,1110 [Lilli] El {5,4,} $ Fj 3?5,EIDEI $55,130 [LUCIE] 39,513 [LEI $25,4i],i] 2,4 El, $24,130 [LUCIE] ?,B?5, $15,125,i] Sullivan Equlprnenl: Cnrnpamr Hhsnrpun casting Inmme summent Eartha Hunth Ended March 31 Sale\" 3: - &., a! Cast [If Quads said: Cnstnfgnndsrnanul'achued 3: E I * [:3