M uestion 1 Not yet answered Portable Cooking Top Inc. manufactures and sells a variety of portable cooking products. Recently the company opened a new plant to manufacture a deluxe portable cooking unit Cost and sales data for the first month of operations are shown below. Macked out of 400 Short A in the AF Rag question Long Manufacturing Costs Fixed overhead Variable overhead Direct labour Direct material $165,000 $8 per unit $16 per unit $34 per unit Beginning inventory Units produced Units sold O units 16,000 10979 Selling and administrative costs Fixed $131,500 Variable $4 per unit sold The portable cooking unit sells for $100 Management is interested in the opening month's results and has asked for an income statement Instructions. Assume the company uses variable costing, Prepare the income statement for the month of February 2020, Total Contribution Margin for the month is found to the nearest dosta . o Type here to search