E21-15 (similar to) Question Help Exerade produced 18,000 cases of powdered drink mix and sold 17,000 cases in April 2016. The sales price was $25, variable costs were $15 per case ($10 manufacturing and $5 selling and administrative), and total fixed costs were $90,000 (72,000 manufacturing and $18,000 selling and administrative). The company had no beginning Finished Goods Inventory Requirements 1. Prepare the April income statement using variable costing 2. Determine the product cost per unit and the total cost of the 1,000 cases in Finished Goods Inventory as of April 30. Requirement 1. Prepare the April income statement using variable costing. ExerAde Income Statement (Variable Costing) Month Ended April 30, 2016 Sales Revenue 425000 Cost of Goods Sold: Variable Manufacturing Overhead Variable Selling and Administrative Costs Contribution Margin Fixed Costs: Fixed Manufacturing Conta Fixed Selling and Administrative Costs Operating income Choose from any list or enter any number in the input fields and then click Check Answer. 1 part remaining Clear All Check