Question
Vegan LLC owns a chain of gourmet vegetarian take out markets. Vegan's income statement in the traditional reporting format for the month follows. Vegan LLC
Vegan LLC owns a chain of gourmet vegetarian take out markets. Vegan's income statement in the traditional reporting format for the month follows.
Vegan LLC
Income Statement
For the Month
___________________________________________________________________________________________
Sales $890000
Cost of good sold 607000
Gross Margin $283000
Selling and Admin expenses
Variable (44500)
Fixed (72300)
Operating Income $166200
Total fixed production costs for the month were $140000. Prepare an income statement for Vegan LLC for the month, using the variable costing format
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