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Prepare a $2022$ income statement for Blossom Company using variable costing.

Blossom Equipment Company manufactures and distributes industrial air compressors. The following data are available for the year ended December 31, 2022. The company had no beginning inventory. In 2022, it produced 1,400 units but sold only 1,180 units. The unit selling price was $4,550. Costs and expenses were as follows: Variable costs per unit Direct materi als Direct labour Variable manufacturingoverhead Variable selling and administrative expenses Annual fixed costs and expenses Fixed manufacturing overhead Selling and administrative expenses Your answer is correct. $740 1,420 270 70 $1,193,500 101,700 Calculate the manufacturing cost of one unit of product using variable costing. Manufacturing cost eTextbook and Media 2,430 per unit Attempts: 1 of 3 used Prepare a 2022 income statement for Blossom Company using variable costing. BLOSSOMEQUIPMENT COMPANY Income Statement Variable Costing