Mastery Problem: Variable Costing for Management Analysis Absorption vs. Variable Method Comparison Absorption Statement Variable Statement Absorption vs. Variable Method Comparison Shaded call move feedback. X Shaded cats have becock X Review the income statements on the Absorption Statement and Variable Statement panels, then complete the following table. The company's sales price per unit is $80.00, and the number of units in ending inventory is 5,000. Item Amount $ Number of units sold Variable sales and administrative cost per unit Number of units manufactured Variable cost of goods manufactured per unit Fixed manufacturing cost per unit $ Points: 075 Next Check My Work Email Instructor Save and Exit Submit Assignment for Gradin Variable Statement Saxon, Inc. Variable Costing Income Statement For the Year Ended December 31 1 Sales $1,200,000.00 3 $0.00 4 560,000.00 (140,000.00) 2 Variable cost of goods sold: Beginning inventory Variable cost of goods manufactured 5 Ending inventory Total variable cost of goods sold 7 Manufacturing margin 8 Variable selling and administrative expenses 9. Contribution margin 420,000.00 $780,000.00 210,000.00 $570,000.00 10 Fixed costs: 11 Fixed manufacturing costs Fixed selling and administrative expenses $240,000.00 65,000.00 12 305,000.00 15 Total fixed costs $265,000.00 * Income from operations Check My Work Statement Variable Statement Absorption Statement Absorption costing does not distinguish between variable and fixed costs. All manufacturing costs are included in the cost of goods sold. Saxon, Inc. Absorption Costing Income Statement For the Year Ended December 31 $1,200,000.00 $0.00 800,000.00 1 Sales 1 Cost of goods sold: 3 Beginning inventory Cost of goods manufactured Ending inventory Total cost of goods sold Gross profit * Selling and administrative expenses Income from operations (200,000.00) 6 600,000.00 $600,000.00 275,000.00 $325.000,00 Check My Work hr