During the first month of operations ended August 31, Kodiak Fridgeration Company manufactured 46,000 mini refrigerators, of which 42,000 were sold. Operating data for the month are summarized as follows: 1 Sales $9,660,000.00 2 Manufacturing costs: 3 Direct materials 4 $3,220,000.00 1,380,000.00 828,000.00 506,000.00 5 Direct labor Variable manufacturing cost Fixed manufacturing cost * Selling and administrative expenses: 6 5,934,000.00 . Variable $756,000.00 294,000.00 9 Fixed 1,050,000.00 Amount Descriptions Contribution margin Contribution margin ratio Cost of goods manufactured Fixed manufacturing costs Fixed selling and administrative expenses Gross profit Operating income Inventory, August 31 Loss from operations Manufacturing margin Planned contribution margin Sales Sales mix Selling and administrative expenses Total cost of goods sold Total fixed costs Total variable cost of goods sold Variable cost of goods manufactured Variable selling and administrative expenses Kodiak Fridgeration Company Variable Costing Income Statement (Label) (Label) 3 4 5 ON 7 8 9 (Label) 10 11 12 13 Kodiak Fridgeration Company Absorption Costing Income Statement (Label) 1 2 (Label) 3 4 5 6 7 8