Imperial Industries has one product. Information about the production and sales of that product for the past year follow. Click the loon to view the data The company had no beginning inventory Read the requirements Operating income 114.000 Data Table Now prepare the income statement for the year using variable costing Imperial Industries Selling price per unit $ Contribution Margin Income Statement (Variable Costing) 53.00 For the Year Ended Direct material per unit $ 16.00 Direct labor per unit. $ 8.00 Loss Total annual manufacturing overhead...... $ 192.000 Fixed portion of annual manufacturing overhead .$ 112.000 Variable operating expenses per unit sold $ 6.00 Faced operating expenses per year in total $ 51,000 Units manufactured 16,000 Les Units sold. 15,000 Print Done Imperial Industries has one product. Information about the production and sales of that product for the past year follow. (Click the icon to view the data.) The company had no beginning inventory Read the requirements Data Table Operating income 114,000 Now prepare the income statement for the year uning variable costing Imperial Industries Contribution Margin Income Statement (Variable Costing) For the Year Ended $ Selling price per unit. 5300 Direct material per unit 16.00 Direct labor per unit 8.00 Total annual manufacturing overhead $ 192,000 Fixed portion of annual manufacturing overhead. 3 112.000 Variable operating expenses per unit sold 5 6.00 Fixed operating expenses per year in total $ $1,000 Units manufactured .. 18.000 Units sold 15.000 Contribution margin Cost of goods sold Fixed expenses Fixed manufacturing overhead Fixed operating expenses Gross profit Operating expenses Operating income Sales revenue Variable cost of goods sold Variable expenses Variable operating expenses Print Done put fields and then click Check Answer Clear All