Whitman Company

Income Statement

The company's selling and administratlve expenses consist of $$285,000$ per year in fixed expenses and $$5$ per unit sold in varlab

expenses. The $$23$ unlt product cost glven above is computed as follows:

Direct materials

Required:

Redo the company's Income statement In the contribution format using varlable costing.

Reconcile any difference between the net operating Income on your varlable costing income statement and the net operating

Income on the absorption costing Income statement above.

Complete this question by entering your answers in the tabs below.

Required $1$

Redo the company's income statement in the contribution format using variable costing.