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.



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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