Waltman Company just ended its first year of operations. We are hired to help with the company's reporting. The Tableau Dashboard

provides data for our analysis.

Variable Manufacturing Costs

Sales Price

$\backslash$table$[[$Selling Price,$$100$ Per Unit$]]$

Units Produced vs Units Sold

Fixed Overhead Costs Per

Year

$00000$

Selling & Administrative Costs

Per Year

Fixed

Variable

Variable

WALTMAN CO$.$

Income Statement $($Variable Costing$)$

For Year Ended December $31$

Sales

Less: Variable expenses

Direct materials

Direct labor

Variable selling and administrative expenses

Contribution margin

Less: Fixed expenses

Fixed selling and administrative costs

Fixed overhead

Fixed selling and administrative costs

Income

Req $3$ and $4$

Prepare an income statement for the year using variable costing.

Req $2$

Units Sold

$0$

$1,000$

$2,000$

$3,000$

$4,000$

$5,000,6,000$

$7,000$

$8,000$

$9,000$

$10,000$