Data Section: Actual production in units 100,000 Sales in units 80,000 Sales price per unit $30 Variable manufacturing costs per unit $14 Variable selling costs per unit $2 Fixed manufacturing costs $630,000 Fixed selling expenses $100,000 Income statement: Absorption costing Sales Cost of goods sold: Variable manufacturing costs Fixed manufacturing costs Total goods available for sale Less ending inventory Cost of goods sold Gross profit Fixed selling expenses Variable selling expenses Operating income Income statement: Variable costing Sales Cost of goods sold: Variable manufacturing costs Less ending inventory Variable cost of goods sold Manufacturing margin Variable selling expenses Contribution margin Fixed manufacturing costs Fixed selling expenses