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Please provide the values During 2022. Ivanhoe Corp. produced 39,400 units and sold 39,400 for $16 per unit. Variable manufacturing costs were $5 per unit.
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During 2022. Ivanhoe Corp. produced 39,400 units and sold 39,400 for $16 per unit. Variable manufacturing costs were $5 per unit. Annual fixed manufacturing overhead was $78,800 ( $2 per unit). Variable selling and administrative costs were $3 per unit sold, and fixed selling and administrative expenses were $18,800. Prepare a variable-costing income statement. IvanhoeCorp. Income Statement-Variable Costing For the Year Ended December 31, 2022 Sales Less : Variable costs Variable cost of goods sold $ Fixed selling and administrative expenses Total variable costs Contribution margin Less : Fixed costs Fixed manufacturing overhead Fixed selting and administrative expenses Totalfixed costs Operating income Step by Step Solution
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