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please help fb. Prepare an income statement according to the variable costing concept. Gallatin County Motors Inc. Variable Gosling Income Statement For the Month Ended

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\fb. Prepare an income statement according to the variable costing concept. Gallatin County Motors Inc. Variable Gosling Income Statement For the Month Ended July 31 Sales J 1l.||'ariable cost of goods sold J Manufacturing margin J 1ll'ariablle selling and administrative expenses J Contribution margin J DDDlDE Fixed costs: Fixed factory overhead costs J D Fixed selling and administrative expenses J C] Total fixed costs J llo Operating income J Feeclnaelt 'Cheok MfWorlc b. Under variable costing, the cost of goods manufactured includes only variable manufacturing costs. Galaxy Sports Inc. manufactures and seils two styies of All Terrain Vehicles (ATVs), the Conquistador and Hurricane, from a single manufacturing facility. The manufacturing facility operates at 100% of capacity. The following perfunit information is available for the two products: Conquistador Hun-icane Sales price $4,400 $2,800 Variable cost of goods sold (2,770) (1,880} Manufacturing margin $1,630 $920 Variable selling expenses {882) {528) Contribution margin $?48 $392 Fixed expenses {350) {160) Operating income $398 $232 > In addition, the following saies unit volume information for the period is as follows: Conquistador Hun-icane Sales unit volume 2,100 1,500 a. Prepare a contribution margin by product report. Compute the contribution margin ratio for each product as a whole percent. Galaxyr Sports Inc. Contribution Margin by Product Conquistador Hurricane Sales J D Variable cost of goods sold J :1 Manufacturing margin J D Variable selling expenses J C] Contribution margin J D ||D||D|DD|DD Contribution margin ratio J C] We

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