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Instructions On November 30, the end of the first month of operations. Weatherford Company prepared the following income statement, based on the abortion costing concept Weatherford Company Absorption Costing Income Statement For the Month Ended November 30 52,940,000.00 1 Sales (21,000 units) Cost of goods sold Cost of goods manufactured (24,400 units) Inventory. November 30 (3,400 units) Total cost of goods sold Gross profit $1952.000.00 072.000.00) . 1,680,000.00 $1,260,000.00 150,000.00 $1.110,000.00 Selling and administrative expenses Income from operations w the fixed manufacturing costs were $195.200 and the Bud selling and administrative expenses were $105,000, prepare an income statement according to the variable costing concept Refer to the fats of Label and Amount Descriptions for the exact wording of the answer choices for rent entries. Be sure to complete statement acting. A colon() automatically appear it required. Entfor all amounds as positive rumbers. Round your cost peront miswer to two decimal places and answers to norest whole ook Instructions Or Labels and Amount Descriptions Fixed costs For the Month Ended November 30 ppared November 30 Amount Descriptions Contribution margin Contribution margin ratio Fixed manufacturing costs Fixed selling and administrative expenses Gross profit Income from operations Inventory, November 30 Loss from operations Manufacturing margin Planned contribution margin 10.00 0.00) Sales Sales mix Total fixed costs If Total variable cost of goods sold Variable cost of goods manufactured Variable cost of goods sold Variable selling and administrative expenses ve expense bf the answe Check My Work Variable Costing Income Statoment the fived manufacturing costs were $195,200 and the fedeling and adve expenses were $105.000, prepare an income faitement according to the variable costing concelor to the fate of Law and Amount Desertions for the exact wording of the answer choice for at alle sure to colete the statement heading Alon() automatically appear required. Ente al arourits as positive numbers Round your cost per we awer to 2 decimal place & Inal answers to nearest whole of Variable Costing Income Statement Weatherford Company Variable Costing Income Statement (caben 3 3 6 2 . (Label ) 10 11 I 12 13