Question: Variable costing income statement Following are operating data for the year just com- pleted for the Northside Iron Works. There was no beginning inventory. Units

Variable costing income statement Following are operating data for the year just com- pleted for the Northside Iron Works. There was no beginning inventory. Units manufactured Normal capacity Selling price... Variable costs: Direct materials... Direct labor

Units manufactured Normal capacity Selling price... Variable costs: Direct materials... Direct labor ... Manufacturing overhead.... Selling and administrative Fixed costs: Manufacturing overhead ..... Selling and administrative Units sold 60,000 60,000 $40 8 8543 4 3 $300,000 120,000 55,000

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