I sold everything I produced. Sales were $10,000. Variable product cost was $4,000. Fixed overhead was $2,000. Administrative expense were $3000. Do an absorption costing income statement and a variable costing statement, then answer the following questions.

The answer choices for all of the questions (five of them) are either $1,000, $4,000 or $6,000

Question Cost of goods sold is Gross profit is variable product cost is Contribution margin is both statements have a net income of