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Income Statement (30,000 Units) Sales Cost of Sales 600,000 Direct Material Direct Labor Variable Overhead (30% of Direct Labor) Fixed Overhead 60,000 150,000 45,000 80,000
Income Statement (30,000 Units) Sales Cost of Sales 600,000 Direct Material Direct Labor Variable Overhead (30% of Direct Labor) Fixed Overhead 60,000 150,000 45,000 80,000 -335,000 Gross Margin 265,000 Selling and Admin Expenses Variable Fixed 15,000 80,000 95,000 170,000 Net Income
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