View Policies Shamrock Golf Ltd. produces and sells special golf balls for $20.00 for a pack of three. In May 2022, the company manufactured 37,200 packs (its normal volume) and sold 34,700 packs. The beginning inventory on May 1, 2022, was 6,200 packs. Production information for May 2022 is as follows: Direct manufacturing labour per pack 15.00 minutes Fixed selling and administrative costs $49,600 Fixed manufacturing overhead $164,052 Direct materials costs per pack $2.00 Direct labour rate per hour $24.00 Variable manufacturing overhead per pack $4.00 Variable selling expenses per pack $2.00 Your answer has been saved. See score details after the due date. Sales in units Sales For the Month Ended May 31, 2022 Less Cost of goods sold Gross profit Less Selling and administrative costs Net income/(loss) 34700 SHAMROCKGOLF LTD. Variable-Costing Income Statement Sales in units Sales Variable costs Variable cost of goods sold Variable selling costs Total variable costs Contribution margin Less Fixed costs Net income/(loss) $ 34700