Variable-Costing Income Statement

During the most recent year, Osterman Company had the following data:

Units in beginning inventory
Units produced	10,000
Units sold ($47 per unit)	9,300
Variable costs per unit:
Direct materials	$9
Direct labor	$6
Variable overhead	$4
Fixed costs:
Fixed overhead per unit produced	$5
Fixed selling and administrative	$138,000

Required:

1. Calculate the cost of goods sold under variable costing.

$

2. Prepare an income statement using variable costing. Enter amounts as positive numbers.

Osterman Company
Income Statement under Variable Costing
For the Most Recent Year
		$
		$
	$
		$