Current Attempt $in$ Progress

Bramble Wheels, Inc. manufactures a luxury ultralight carry$-on$ suitcase. Production and sales data for the most recent year are $as$

follows $(there$ was $no$ beginning inventory$)$:

$(a)$ Prepare a brief income statement using variable costing.

BRAMBLEWHEELS, INC.

Income Statement $(Variable$ Costing$)$

$

:

Variable Cost $of$ Goods Sold

$

Fixed Selline and Administrative Costs

Contribution Margin

Fixed Production Costs

Fixed Selling and Administrative Costs

$