A B C D E F Roberts Chips 2 CM Income Statement (Garlic & Pepper Line) 3 For the Quarter Ending 9/31/2016 A 5 Ounces Sold 2,000,000 Sales Revenue $1,120,000 Variable Costs 9 Direct Materials $45,999 10 Direct Labor $122,500 11 Variable Manufacturing Overhead $84,950 12 Variable Selling and Administrative Expenses $134,400 13 Total Variable Costs $387,849 14 Contribution Margin $732,151 15 Fixed Costs 16 Manufacturing Costs $150,000 17 S&A Costs $50,000 18 Total Fixed Costs $200,000 19 Operating Income $532,151 20 21 22 23