Easy Kayak Company mantiactures a I

$7$

company produced $8,000$ units and sold $7,500$

s$.$ The selling price

is $$600.$ The following

Variable costs per unit:

Manufacturing:

Direct materials

Direct labour

Variable manufacturing overhead

Variable selling and administrative

$$160$

Fixed costs per year:

Fixed manufacturing overhead

$$120$

Fixed selling and administrative expense

$$850,000$

$$510,000$

Prepare a variable costing income statement.