variable costing income statement

The following information relates to Oak Manufacturing for fiscal 2020, the company's first year of operation: 149 $ 28 5 Selling price per unit $ Direct material per unit 76 Direct labor per unit Variable manufacturing overhead per unit $ Variable selling cost per dollar of sales $ 0.06 Annual fixed manufacturing overhead $ 2,750,000 Annual fixed selling expense $ 1,575,000 Annual fixed administrative expense $ 924,000 Units produced 275,000 Units sold 249,700 Oak Manufacturing Income statement using variable costing For the Year Ended December 31, 2020 Sales $ 37205300 Less Variable cost of goods sold Variable selling expense Contribution margin Less Fixed costs Manufacturing Fixed selling expense Administrative expense Net income