Paste Lut [B Copy * Format Painter B I U B ab. 191 Clipboard Font Alignme EFG Hint? Variable Income Statement contribution margin) For Year Ended December 31 34 Sales 36,000 x 140 $5,040,000 35 variable costs: 36 Var, product cost 90 x 36,000 $3,240,000 37 Var. selling and Admin Exp. 396,000 38 Total Variable cost 3,636,000 39 Contribution margin $1,404,000 40 Fixed costs: 41 Fixed overhead 528,000 42 Fixed Selling and Admin Exp. 105,000 43 Total Fixed costs 633,000 44 Net Income $771,000 Self check Excellent! 46 Why is net income different in the income statements? Sheet1 Sheet2 Sheet3 O Type here to search Excel Kendall, Kailah Gloria > PrinciplesofAccountingll-ALL-212 DJ Data Tell me what you want to do View Review Help File Home Insert 6 AX Cut Paste to Copy Format Painter Alignment Undo B24 Clipboard fx F Absorption Income Statement (multi-step) For Year Ended December 31 16 Sales 36,000 x 140 $5,040,000 17 Cost of goods sold 102 x 36,000 3,672,000 18 Grosss profit $1,368,000 19 Var. selling and Admin Exp. 396,000 11 x 36,000 20 Fixed Selling and Admin Exp. 105,000 21 Total Selling and Admin 501,000 22 Net Income $867,000 Self check: Good! Hint 25 Calculate variable cost per unit: Direct materials Direct labor 28 Variable overhead 29 Total Variable Cost per unit $60 $22 S8 $90 Self check: Perfect! Cool Sky Variable Income Statement contribution margin) For Year Ended December 31 34 Sales 36,000 x 140 $5,040,000 35 variable costs Hint? Sheet1 Sheet2 Sheet3 O Type here to search