Question: please help solve this is my 3rd attempt in submitting, each time given wrong info. Return to ques Exercise 6-4 Variable costing income statement LO

please help solve this is my 3rd attempt in submitting, each time given wrong info.

please help solve this is my 3rd attempt in submitting, each time

given wrong info. Return to ques Exercise 6-4 Variable costing income statement

LO P2 Kenzi Kayaking. a manufacturer of kayaks. began operations this year

Return to ques Exercise 6-4 Variable costing income statement LO P2 Kenzi Kayaking. a manufacturer of kayaks. began operations this year During this first year the company produced 1,000 kayaks and soid 750 at a price of $1000 each At this first year-end, the company reported the following income statement information using absorption costing Seles (75e x $1,e00) Cest of goods sold (750 $475) Gross sargin Selling and sdeinistrative expenses Net incone 750,8ee 56,250 248-900 153,756 Additional Information a. Product cost per kayak totals $475, which consists of $375 in variatble production cost and 5100 in fixed production cost-the latter amount is based on $100 000 of fixed production costs allocated to the 1000 kayaks produced b. The $240.000 in seling and administrative expense consists of 595.000 that is variable and $145,000 that is fixed. Required 1. Prepsie an income statement for the current year under variable costing

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