Oriole Windows manufactures a hand-painted bamboo window shade for standard-size windows. Production and sales data for 2022 are as follows:

Variable manufacturing costs		$40	per shade
Fixed manufacturing costs		$113,300
Variable selling and administrative expenses		$9	per shade
Fixed selling and administrative expenses		$251,000
Selling price		$91	per shade
Units produced		10,300	shades
Units sold		8,560	shades

Prepare an income statement using variable costing. (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).)

ORIOLEWINDOWS Income Statement choose the accounting period December 31, 2022For the Month Ended December 31, 2022For the Year Ended December 31, 2022 Variable Costing
select an income statement item Direct labourSalesContribution marginFixed selling and administrative expensesVariable manufacturing overheadFixed manufacturing overheadOperating expensesFixed costsCost of goods soldTotal operating expensesTotal variable costsNet income / (loss)Variable costs of goods available for saleTotal fixed costsVariable selling and administrative expensesVariable costsVariable cost of goods sold				$enter a dollar amount
select between addition and deduction LessAdd:select an opening name for section one Total operating expensesTotal fixed costsOperating expensesVariable cost of goods soldVariable costs of goods available for saleContribution marginFixed costsVariable costsTotal variable costsVariable selling and administrative expensesFixed selling and administrative expensesCost of goods soldVariable manufacturing overheadNet income / (loss)SalesFixed manufacturing overheadDirect labour
select an income statement item Total fixed costsNet income / (loss)Variable selling and administrative expensesContribution marginVariable cost of goods soldCost of goods soldDirect labourTotal variable costsFixed manufacturing overheadFixed costsFixed selling and administrative expensesVariable costsOperating expensesVariable costs of goods available for saleTotal operating expensesSalesVariable manufacturing overhead		$enter a dollar amount
select an income statement item Direct labourFixed selling and administrative expensesTotal fixed costsTotal variable costsSalesTotal operating expensesVariable selling and administrative expensesContribution marginCost of goods soldVariable costsVariable costs of goods available for saleVariable cost of goods soldFixed costsFixed manufacturing overheadOperating expensesNet income / (loss)Variable manufacturing overhead		enter a dollar amount
select a closing name for section one Variable manufacturing overheadContribution marginVariable cost of goods soldFixed selling and administrative expensesCost of goods soldVariable costsTotal operating expensesDirect labourFixed costsTotal fixed costsSalesNet income / (loss)Fixed manufacturing overheadVariable costs of goods available for saleTotal variable costsVariable selling and administrative expensesOperating expenses				enter a total amount for section one
select a summarizing line for the first part Operating expensesVariable manufacturing overheadVariable costsTotal operating expensesVariable costs of goods available for saleFixed selling and administrative expensesTotal variable costsContribution marginCost of goods soldFixed costsFixed manufacturing overheadTotal fixed costsVariable cost of goods soldSalesDirect labourVariable selling and administrative expensesNet income / (loss)				enter a total amount for the first part
select between addition and deduction LessAdd:select an opening name for section two Fixed manufacturing overheadSalesVariable manufacturing overheadVariable costs of goods available for saleTotal fixed costsTotal variable costsContribution marginFixed costsTotal operating expensesVariable cost of goods soldCost of goods soldDirect labourNet income / (loss)Variable costsVariable selling and administrative expensesFixed selling and administrative expensesOperating expenses
select an income statement item Fixed selling and administrative expensesCost of goods soldNet income / (loss)Variable costs of goods available for saleVariable manufacturing overheadTotal variable costsContribution marginTotal operating expensesFixed manufacturing overheadVariable selling and administrative expensesFixed costsDirect labourSalesOperating expensesTotal fixed costsVariable cost of goods soldVariable costs		enter a dollar amount
select an income statement item Fixed manufacturing overheadContribution marginDirect labourSalesVariable selling and administrative expensesVariable costs of goods available for saleOperating expensesTotal variable costsFixed selling and administrative expensesFixed costsTotal fixed costsVariable manufacturing overheadVariable costsNet income / (loss)Total operating expensesCost of goods soldVariable cost of goods sold		enter a dollar amount
select a closing name for section two Variable manufacturing overheadTotal operating expensesFixed selling and administrative expensesFixed manufacturing overheadVariable cost of goods soldDirect labourVariable selling and administrative expensesOperating expensesTotal variable costsCost of goods soldSalesContribution marginFixed costsVariable costsTotal fixed costsVariable costs of goods available for saleNet income / (loss)				enter a total amount for section two
select a closing name for this statement Total fixed costsFixed manufacturing overheadOperating expensesSalesDirect labourNet income / (loss)Fixed costsCost of goods soldTotal variable costsTotal operating expensesFixed selling and administrative expensesVariable costsVariable cost of goods soldContribution marginVariable selling and administrative expensesVariable manufacturing overheadVariable costs of goods available for sale				$enter a total net income or loss amount