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Novak Organics Products Ltd. manufactures and sells a variety of organic dog foods. Cost and sales data for January 2022, the first month of operations,

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Novak Organics Products Ltd. manufactures and sells a variety of organic dog foods. Cost and sales data for January 2022, the first month of operations, are shown below: $52,635 $1.80 per bag of dog food Manufacturing Costs: Fixed overhead Variable overhead Direct labour Direct material Beginning inventory Number of bags produced Number of bags sold $3.90 per bag $5.60 per bag O bags 12.100 bags 10,100 bags Selling and administrative costs: Fixed $41.600 Variable $3.50 per bag sold Each bag of dog food sells for $28.00 -12 Prepare a January 2022 income statement for Novak Organics using variable costing. (Round per unit calculations to 2 decimal places, es. 15.25 and final answers to O decimal places, eg. 5,275.) NovakOrganics Products Ltd. Income Statement For the Month Ended January 31, 2022 Variable Costing Sales Variable cost of goods sold I Fixed overhead costs Fixed selling and administrative expenses Ending Inventory

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