Variable Costing Income Statement

For the Month Ended October $31$

Sales $(9,600$ units$)$

$$422,400$

Variable cost of goods sold:

Variable cost of goods manufactured

Inventory, October $31(1,800$ units$)$

Total variable cost of goods sold

Manufacturing margin

Variable selling and administrative expenses

Contribution margin

Fixed costs:

Fixed manufacturing costs

Fixed selling and administrative expenses

Total fixed costs

Operating income

$$205,200$

$(32,400)$

$$45,600$

$28,800$

$[(74,400)],[$$$69,600]$

Prepare an income statement under absorption costing. Round all final answers to whole dollars.

Maryville Equipment Company

Absorption Costing Income Statement

For the Month Ended October $31$

Cost of goods sold:

Cost of goods manufactured

Total cost of goods sold

$

$