Given the following data for Johnson Transfer Inc for the month ending March 31, 2019, construct a Contribution Income Statement in the Variable Costing Format and NOTE what the difference would be for the Absorption format. Each Unit sells for $850

Variable Costs per Unit: Units in Beginning Inventory 0

Direct Materials $100 Units Produced 250

Direct Labor $320 Units Sold 225

Variable Manufacturing OH $ 40 Units in Ending Inventory 25

Variable SG & A $ 20

Fixed Costs:

Fixed Manufacturing OH $60,000

Fixed SG & A $20,000