Can you me with the Shawnee Motors Inc variable costing income statement

Can you me with the Shawnee Motors Inc variable costing income statement. The choices are: Contribution Margin Fixed Selling & admin expenses Manufacturing margin Sales Variable selling & admin expenses Variable cost of goods sold Income from operations total fixed costs loss from operations Transcribed Image Text: b. Prepare an income statement according to the variable costing concept.
Shawnee Motors Inc.
Variable Costing Income Statement
For the Month Ended August 31
Sales v
$ 1,470,000
Variable cost of goods sold v
Fixed factory overhead x
X
Manufacturing margin x
Fixed costs:
Fixed factory overhead v
Feedback
%24
%24
%24
%24 Transcribed Image Text: Income Statements under Absorption and Variable Costing
Shawnee Motors Inc. assembles and sells MP3 players. The company began operations on August 1 and operated at 100% of capacity during the first month. The following data summarize the results for Augu
Sales (10,500 units)
$1,470,000
Production costs (14,000 units):
Direct materials
$725,200
Direct labor
348,600
Variable factory overhead
173,600
Fixed factory overhead
116,200
1,363,600
Selling and administrative expenses:
Variable selling and administrative expenses
$211,400
Fixed selling and administrative expenses
81,800
293,200
If required, round interim per-unit calculations to the nearest cent.
a. Prepare an income statement according to the absorption costing concept.
Shawnee Motors Inc.
Absorption Costing Income Statement
For the Month Ended August 31
Sales v
$ 1,470,000
Cost of goods sold
1,022,700
Gross profit v
%2$
447,300
Selling and administrative expenses
293,200
Income from operations v
154,100

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