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Question 4 of 8 VIEW FONCIES Current Attempt in Progress Following is Marin's latest income statement. The company produced and sold 112,500 units during the
Question 4 of 8 VIEW FONCIES Current Attempt in Progress Following is Marin's latest income statement. The company produced and sold 112,500 units during the year. $5,962,500 $1,470,000 815,000 380,000 1,168,000 Sales (112,500 units at $53) Cost of goods sold: Direct material Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total cost of goods sold Gross profit Selling expenses: Variable Fixed Total selling expenses Operating income 3,833,000 2,129,500 233,000 673,000 906,000 $1,223,500 Restate the income statement in contribution margin format, as if Marin had used a variable costing system to report income. (Round per unit answers to 2 decimal places, e.g. 15.25.) Question 4 of 8 -/15 Marin Income Statement Per Unit > $ > > > > > >
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