The company manufacturers a professional-grade vacuum cleaner and can make up to 23,000 units each year. Actual data for 2013 are given as follows:

Units produced 23,000

Units sold 21,500

Selling price $ 438

Variable costs:

Manufacturing cost per unit produced

Direct materials 35

Direct manufacturing labor 24

Manufacturing overhead 66

Marketing cost per unit sold 44

Fixed costs:

Manufacturing costs 1,518,000

Administrative costs 1,066,000

Marketing 1,421,600

Prepare a 2013 income statement for GriswoldCompany using variable costing.