alit View History Bookmarks Window Help NOV 4 51 14 tv MacBook Air DII DD 20 F8 F9 F10 F6 F7 F1 F3 F4 F5 $ % & 8 9 0 4 5 6 R U 0 W E T YEdit Help ezto.mheducation.com Home | myLU Lu Homework: Variable Costing Assignment omework: Variable Costing Assignment i Saved Check my work mode : This shows what is correct or incorrect for the work you have complet 14 Required: Prepare an income statement for the company under variable costing. x Answer is complete but not entirely correct. nts TREZ Company Income Statement (Variable Costing) Sales $ 3,200,000 Less: Variable expenses Variable cost of goods sold $ 158,000 X Variable selling and administrative expenses 530,000 X Contribution margin 1,090,000 X Less: Fixed expenses Fixed overhead $ $700,000 Fixed selling and administrative costs 350,000 Income V $ 2,110,000 X NOV 14 utv MacBook Air