Question: 6. On January 1 ofthe current year, Townsend Co. commenced operations. It operated its plant at 100% of capacity during January. The following data summarized

 6. On January 1 ofthe current year, Townsend Co. commenced operations.

6. On January 1 ofthe current year, Townsend Co. commenced operations. It operated its plant at 100% of capacity during January. The following data summarized the results for January 50,000 42,000 Production Sales ($20 per unit Inventory, January 31 Manufacturing costs Variable Fixed $575,000 80,000 Total Selling and administrative expenses: Variable Fixed S35,000 10,500 Total Required.Prepare a variable costing income statement using the information above

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