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Instructions Shawnee Motors Inc. assembles and sells snowmobile engines. The company began operations on August 1 and operated at 100% of capacity during the first month. The following data summarize the results for August $8,000,000.00 $3,280,000.00 1 Sales (32,000 units) 2 Production costs (41,000 units): 3 Direct materials + Direct labor 5 Variable factory overhead 6 Fixed factory overhead ? Selling and administrative expenses: 8 Variable selling and administrative expenses Fixed selling and administrative expenses 2,255,000.00 1,025,000.00 615,000.00 7,175,000.00 $1,180,000.00 9 210,000.00 1,390,000.00 Shawnee Motors Inc. Score: 55/87 Variable Costing Income Statement For the Month Ended August 31 1 Sales $8,000,000.00 2 Variable cost of goods sold 3 Manufacturing margin 4 Variable selling and administrative expenses 5 Contribution margin 6 Fixed costs: 7 Fixed factory overhead costs Fixed selling and administrative expenses 8 9 Total fixed costs 10 Income from operations