Exercise 19.4 Variable costing Income statement LO P2 Kenzi Kayaking, a manufacturer of kayaks, began operations this year. During this first year the company produced 100 kayaks and sold 850 ma price of $400 each. Al this first year-end, the company reported the following income statement information using absorption costing $935,000 Sales (50.51,100) Cost of goods sold 50 - $425) Gross angin Selling and strative expenses Incone 573,750 210, 343,750 $ Additional Information .. Product cost per kayak totals $425, which consists of $325 in variable production cost and $100 in fixed production cost--the letter amount is based on $110,000 of fed production costs located to the 100 kayaks produced b. The $230,000 in seling and administrative expense consists of $85.000 that is variable and 5145.000 that is fixed. Recured: 1. Prepare an income statement for the current year under variable costing 2. Fin the banks Complete this question by entering your answers in the tabs below. Rodi Roque Prepare an income statement for the current year under variable costing MENDI KAYANG Variatie Costing income Sement Sales La Vana Vaste produtos Vandens 5 935.000 276 250 75.000 Carbona 351250 53750 150 000 15.000 255.000 Q O BI e 2 DOLL Ese F1 F2 F3 F4 F5 6 F7 FB IL