Variable costing Income statement Labels and Amount Descriptions Varlable Costing Income Statement IN Instructions On November 30, the end of the first month of operations, Weatherford Company prepared the following income statement, based on the absorption costing concept: Weatherford Company Absorption Costing Income Statement For the Month Endod November 30 $3,920,000.00 $2,600,000.00 (368.000.00) Sales (28,000 units) 2 Cost of goods sold: Cost of goods manufactured (32,600 units) Inventory, November 30(4,600 units) Total cost of goods sold Gross profit Selling and administrative expenses 1 Income from operations 3 2,240,000.00 $1,680,000.00 175,000.00 $1,505.000.00 I the fixed manufacturing costs were $260,800 and the fixed selling and administrative exposes were $140,000, prepare an income statement according to the variable costing concept. Refer to the lists of Labels and Amount Descriptions for the exact wording of the answer choices for tout entries. Be sure to complete the statement heading. A colon () will automatically appear it required. Enter all mounts as positive numbers. Found your cost per unit answer to two decimal places and final answers to nearest whole doma Labels and Amount Descriptions On * bp Labels Fixed costs For the Month Ended November 30 November 30 Amount Descriptions Contribution margin Contribution margin ratio Fixed manufacturing costs Fixed selling and administrative expenses 10.0 Gross profit p.od Income from operations Inventory, November 30 Loss from operations Manufacturing margin Planned contribution margin X Labels and Amount Descriptions Fixed manufacturing costs On Fixed selling and administrative expenses Gross profit Income from operations Inventory, November 30 Loss from operations Manufacturing margin Planned contribution margin Sales Sales mix Total fixed costs Total variable cost of goods sold Variable cost of goods manufactured Variable cost of goods sold Variable selling and administrative expenses Variable Costing Income Statement Weatherford Company Variable Costing Income Statement (Label) 1 2 3 5 6 8 9 (Label) 10 11 12 13