Instructions Labels and Amount Descriptions Variable Casting income Statement Instructions On November 30, the end of the first month of operations, Weatherford Company prepared the following income statement, based on the absorption costing concept Weatherford Company Absorption Costing Income Statement For the Month Ended November 30 1 Sales (25,000 units) $3,500,000.00 2 Cost of goods sold: 5 Cost of goods manufactured (29.200 units) $2,628,000.00 4 Inventory, November 30 (4,200 units) (378,000.00 5 Total cost of goods sold 2.250,000.00 6 Gross profit $1,250,000.00 7 Selling and administrative expenses 150,000.00 8 Income from operations $1,100,000.00 If the fixed manufacturing costs were $262,800 and the fixed selling and administrative expenses were $125,000 prepare an income statement according to the variable costing concept Refer to the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading A colon () will automatically appear if required. Enter all amounts as positive numbers. Round your cost per unit answer to two decimal places and final answers to nearest whole dollar eBook Show Me How Variable costing income statement Instructions Labels and Amount Descriptions Variable Costing Income Statement Labels and Amount Descriptions Variable Costing Income Statement Labels Fixed costs If the fixed manufacturing costs were $262 800 and the fixed selling and administrative expenses were $125,000, prepare an income statement according to the variable costing concept Refer to the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entoes. Be sure to complete the statement heading. A colon will automatically appear if required. Enter all amounts as positive numbers. Round your cost per unit answer to 2 decimal places & final answers to nearest whole dollar For the Month Ended November 30 November 30 Amount Descriptions Weatherford Company Contribution margin Variable Costing Income Statement Contribution margin ratio Fixed manufacturing costs (Label) Fixed selling and administrative expenses 1 Gross profit 2 Income from operations 3 Inventory, November 30 4 Loss from operations 5 Manufacturing margin 6 Planned contribution margin 7 Sales 8 Sales mix Total fixed costs 9 (Labe! Total variable cost of goods sold 10 Variable cost of goods manufactured 11 12 Variable cost of goods sold Variable selling and administrative expenses 15