• Income Statement: Use the given revenue data to prepare the Income Statement tab table and calculate the net income. Remember to show your work using calculations to the side of the table or using appropriate formulas in the table. Please help me to render an INCOME STATEMENT. In Milestone 1, you were told you had. One collar maker, who will be paid $16.00 per hour and work 40 hours per week. You also calculated the variable cost per collar. collars sales price per unit $12 .... variable cost per unit 9.10 ... contribution margin 2.90 ... fixed cost $4028 .... contribution margin $2.90 ... break-even units $1389

• Beginning Work in Process Inventory		0
  Direct Materials:
  Materials: Beginning	0
  Add: Purchases for month of January	$20,000
  Materials available for use	20,000
  Deduct: Ending materials	4,000
  Materials Used		$16,000
  Direct Labor		8,493
  Overhead		3,765
  Total Costs		$28,258
  Deduct: Ending Work in Process Inventory		0
  Cost of Goods Sold		$28,258.00