Illustration E.5 Leo, Inc. Cost Data Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Anticipated production level Variable selling expense Fixed selling expense Administrative expense Selling price Units sold Units in beginning inventory Units in ending inventory 10 square feet @ $10/ft. = $100 3 hours @ $30/hr. = $90 = $60 $120,000 1,000 units $30/unit sold $40,000 $50,000 $500 per lawn chair 1,200 200 0 What are the total fixed costs using variable costing? Submit