Question 32 Blue Mountain Products manufactures and sells a variety of camping goods. Recently, the company opened a new plant to manufacture a lightweight, self-standing tent. Cost and sales data for the first month of operations (June 2020) are as follows: Manufacturing costs Fixed overhead Variable overhead Direct labour Direct material Beginning inventory Tents produced Tents sold Selling and administrative costs Fixed Variable $211,140 $3.60 per tent $15.40 per tent $40.00 per tent O tents 10,200 9,000 $384,100 $5.20 per tent sold The tent sells for $150. Management is interested in the opening month's results and has asked for an income statement. 2. Prepare a variable-costing income statement for the month of June 2020. (Round per un places, e.g. 125.) BLUE MOUNTAIN PRODUCTS Income Statement-Variable Costing For the Month Ended June 30, 2020 Sales 1,350,000 Less Variable costs Variable cost of goods sold 408000 Fixed selling and administrative expenses Total variable costs Contribution margin Less Fixed costs Net income before tax