Yankovlch Inc.

Varlable Costing Income Statement

For the Month Ended October $31$

Determine the unit cost of goods manufactured, based on $($a$)$ the variable costing concept and $($b$)$ the absorption costing concept.

$($a$)$ Vari$$ble costing $

$($b$)$ Absorption costing

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Varlable Costing Income Statement

For the Month Ended October $31$

Sales

$$897,000$

Variable cost of goods sold:

Variable cost of goods manufactured

$$504,900$

Inventory, October $31$

$(74,800)$

Total variable cost of goods sold

Manufacturing margin

$\frac{(430,100)}{\text{\$}466,900}$

Total variable selling and administrative expenses

Contribution margin

$(108,100)$

$$358,800$

Fixed costs:

Fixed manufacturing costs

$$232,200$

Fixed selling and administrative expenses

$71,300$

Total fixed costs

Operating income

$\backslash$table$[[(303,500)$