Rite Ade incurs the following costs for its powdered sports beverage mix in March: EE: (Click the icon to view inventory cost data.) : (Click the icon to view the March income statement.) Suppose that during April, the company produces 13,000 cases of powdered drink mix and sells 14,500 cases. Sale price, variable cost per case, and total fixed expenses remain the same as in March. Prepare the April income statement using variable costing Prepare the April income statement using variable costing. Rite Ade Contribution Margin Income Statement (Variable Costing) Month Ended April 30 Variable cost of goods sold: 0 Data Table Variable Costing $ 5.00 4.00 7.00 Absorption Costing Direct materials 5.00 Direct labour 4.00 Variable manufacturing overhead 7.00 Fixed manufacturing overhead 3.00 19.00 Total cost per case * $39,000 fixed manufacturing overhead - = $3 13,000 cases Sales price per case $35.00 Sales commission per case $1.75 Units in beginning inventory 2,500 $ 16.00 315,000 Rite Ade Contribution Margin Income Statement (Variable Costing) Month Ended March 31 Sales revenue (9,000 x $35) . .. $ Deduct: Variable expenses: ....................... Variable cost of goods sold: ........... Beginning finished goods inventory 0 Variable cost of goods manufactured (13,000 X 184,000 $16). 184,000 (40,000) 144,000 15,750 (159,750 Variable cost of goods available for sale Ending finished goods inventory (2,500 x $16) Variable cost of goods sold ................. Sales commission expense (9,000 x $1.75) ...... Contribution margin Deduct: Fixed expenses: .. Fixed manufacturing overhead .................. Fixed marketing and administrative expenses ....- 155,250 39,000 25,500 (64,500) 90.750 Operating income