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During 2030, Basler Manufacturing produced 60,000 units and sold 55,000 for $10 per unit. Variable manufacturing costs were $4 per unit. Annual fixed manufacturing
During 2030, Basler Manufacturing produced 60,000 units and sold 55,000 for $10 per unit. Variable manufacturing costs were $4 per unit. Annual fixed manufacturing overhead was $120,000 ($2 per unit). Variable selling and administrative costs were $1 per unit sold, and fixed selling and administrative costs were $30,000. Prepare a variable costing income statement. Round answers to 2 decimal places, e.g. 12.25. . When typing your responses, do NOT include a dollar sign. For example, if your answer is $10,000, you should be typing 10,000 or 10,000.00 without any dollar sign. Variable Costing Income Statement Balser Manufacturing Income Statement (Variable Costing) Sales Variable Cost of Goods Sold 385,000 Variable Selling and Administrative 165,000 Expenses Contribution Margin 550,000
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