Liquid Energy incurs the following costs for its powdered sports beverage mix in March: (Click the icon to view inventory cost data.) (Click the icon to view the March income statement.) Suppose that during April, the company produces 9,000 cases of powdered drink mix and sells 11,000 cases. Sale price, variable cost per case, and total fixed expenses remain the same as in March. Prepare the April income statement using variable costing. Month Ended April 30 Variable cost of goods sold: Choose from any list or enter any number in the input fields and then continue to the next question. Data Table Liquid Energy incurs the foll (Click the icon to view Suppose that during April, case, and total fixed expense ht.) ale price, variable cost per Absorption Variable costing. Costing Costing Prepare the April income sta Direct materials $ 6.00 $ 6.00 Direct labour 4.00 4.00 Contributio Variable manufacturing overhead 2.00 2.00 Fixed manufacturing overhead 3.00. $ 15.00 $ 12.00 Total cost per case *$27,000 fixed manufacturing overhead $3 Variable cost of go 9,000 cases Sales price per case Sales commission per case Units in beginning inventory $31.00 $2.00 2,500 Choose from any list or ent Print Done Data Table Liquid Energy inc (Click the ic Suppose that dur case, and total fix Liquid Energy Contribution Margin Income Statement (Variable Costing) Prepare the Apri Month Ended March 31 Sales revenue (7,500 x $31) Deduct Variable expenses Variable cost of goods sold: Beginning finished goods inventory 0 Variable cost of goods manufacturad (3,000 x $12) 120,000 Variable Variable cost of goods available for sale 120,000 (30,000) Ending finished goods inventory (2.500 x 312) Variable cost of goods sold 90,000 Choose from any Data Table Print Dona $ 232,500 riable cost per Liquid Energy inc (Click the lo Suppose that dur case, and total fix beginning sne goods invamory ariable cost per 120,000 Vanable cost of goods manufactured (9,000 x $12) Variable cost of goods available for sale 120,000 Prepare the Apri Ending finished goods inventory (2,500 x $12) (30,000) Variable cost of goods sold 90,000 15,000 Sales commission expense (7.500 x $2.00) (105.000) Contribution margin 127,500 Deduct: Fixed expenses Fixed manufacturing overhead 27,000 Variable Fixed marketing and administrative expenses 24,800 (51,800) S 75,700 Operating income Choose from any Print Dona