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Sales(14,500) 2030,000Production cost (19,000 units)Direct materials $984,200Direct labor 473,100Variable factory overhead 235,600Fixed overhead 157,700.Selling and administrative expenses:Variable selling and administrative expenses 286,800Fixed selling and administrative

Sales(14,500) 2030,000Production cost (19,000 units)Direct materials $984,200Direct labor 473,100Variable factory overhead 235,600Fixed overhead 157,700.Selling and administrative expenses:Variable selling and administrative expenses 286,800Fixed selling and administrative expenses 111,000.Help stuck on these. I have the absorption cost income statement but stuck on this

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b. Prepare an income statement according to the variable costing concept. Gallatin County Motors Inc. Variable Costing Income Statement For the Month Ended July 31 Sales 2,030,000 Variable cost of goods sold 437,850 X Manufacturing margin Variable selling and administrative expenses 286,800 Contribution margin Fixed costs: Fixed factory overhead costs 157,700 Fixed selling and administrative expenses 111,000 V Total fixed costs Operating income V Feedback

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