Absorption Costing Income Statement On October 31, the end of the first month of operations, Maryville Equipment Company prepared the following income statement, based on the variable costing concept: Sales (12,900 units) Variable cost of goods sold: Variable cost of goods manufactured Inventory, October 31 (1,700 units) Total variable cost of goods sold Maryville Equipment Company Variable Costing Income Statement For the Month Ended October 31 Manufacturing margin Variable selling and administrative expenses Contribution margin Fixed costs: Fixed manufacturing costs Fixed selling and administrative expenses Total fixed costs Operating income D $248,200 (28,900) $43,800 38,700 $541,800 (219,300) $322,500 (141,900) $180,600 (82,500) $98,100 5 Ch 8:53 PM

Absorption Costing Income Statement On October 31, the end of the first month of operations, Maryville Equipment Company prepared the following income statement, based on thevariable costing concept: Prepare an income statement under absorption costing. Round all final answers to whole dollars