Kenz, a manufacturer of kayaks, began operations this year. During thls year, the company produced $1050$ koyake and sold $800$ ot $8$ price of $$1,050$ each. At yearend, the company reported the following income statement information using abcorpton coeting.

$5158(86011,059)$

cont of gods rold $(80)4425$

Gives profit

Siling and ndrinithatlve expentis

Tirover

Addrtional Information

a$.$ Product cost per kaysk under absorpton costng totals $$425,$ which consists of $$325$ in direct materiale, direct labor, and variable overhead costs and $$100$ in fixed overhead cost Fixed overhead of $$100$ per unt is based on $$105,000$ of fixed overhead per year divded by $1,050$ ksyoke produced.

b$.$ The $$210,000$ in selling and sdministrotye expenses consists of $$85,000$ that is variable and $$125,000$ that is fixed:

Prepses an income statement for the current year under varlable costing.

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