prepare a variable costing income statement

90 32-bdby-a51d2abfea9e/questo? M Gmai YouTube Maps Sign in or Create an... e Lab 8 Chapter 8 Question 3 of 3 2 Basic Electric Motors is a division of Basic Electric Products Corporation. The division manufactures and sells an electric switch used in a wide variety of applications. During the coming year, it expects to sell 220,000 units for $8 per unit. Ester Madden is the division manager. She is considering producing either 220,000 or 270,000 units during the period. Other information is as follows: 0 Division Information for 2020 Beginning inventory Expected sales in units 220,000 Selling price per unit $8 Variable manufacturing cost per unit $2.70 Fixed manufacturing cost (total) $594,000 Fixed manufacturing overhead costs per unit Based on 220.000 units $2.70 per unit ($94,000 = 220,000) Based on 270,000 units $2.20 per unit ($594,000 - 270,000) Manufacturing cost per unit HE L 1 @ hp Question 3 of 3 20 Your answer is partially correct. Prepare a variable-costing income statement, with one column showing the results if 220,000 units are produced and one column showing the results if 270,000 units are produced. BASIC ELECTRIC MOTORS DIVISION Income Statement For the Year Ended 2020 Variable Costing Units produced 270.000 220,000 Units sold 220000 220000 Sales 1760000 s 1760000 Less V: Variable costs Variable selling and administrative expenses hp) M Gmail chtml?launchid=8096b394-048 432f-bdb9-a51d2bfiquestion/2 YouTube Maps SD Sign in or Create an... 6 Lab 8 Chapter 8 Question 3 of 3 III Less : Variable costs Variable selling and administrative expenses Variable cost of goods sold Contribution margin IL MIO Less : Fixed costs Fixed selling and administrative expenses Fixed manufacturing overhead HI Net income $ e Textbook and Media o L hin