Limonade produced 13,000 cases of powdered drink mix and sold 11,000 cases in April. The sales price was $23, variable costs were $9 per case ($7 manufacturing and $2 selling and administrative), and total fixed costs were $100,000 ($91,000 manufacturing overhead and $9,000 selling and administrative). The company had no beginning Finished Goods Inventory. Read the requirements. Requirement 1. Prepare the April income statement using variable costing. Operating Income Limonade Income Statement (Variable Costing) Month Ended April 30

Limonade produced 13,000 cases of powdered drink mix and sold 11,000 cases in April. The sales price was $23, variable costs were $9 per case ( $7 manufacturing and $2 selling and administrative), and total fixed costs were $100,000 ( $91,000 manufacturing overhead and $9,000 selling and administrative). The company had no beginning Finished Goods Inventory. Read the requirements. Requirement 1. Prepare the April income statement using variable costing