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Variable costing income statement Instructions 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: $2,940,000.00 Weatherford Company Absorption Costing Income Statement For the Month Ended November 30 1 Sales (21,000 units) 2. Cost of goods sold: 3. Cost of goods manufactured (24,400 units) $1,952,000,00 Inventory, November 30 (3,400 units) (272,000.00) Total cost of goods sold profit Selling and administrative expenses Income from operations 1 5 1,680,000.00 $1,260,000.00 150,000.00 $1,110,000.00 Instructions Variable Costing Income Statement Shaded cells have feedback. If the fixed manufacturing costs were $195,200 and the fixed selling and administrative expenses were $105,000, 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 2 decimal places & final answers to nearest whole dollar Score: 84/114 Weatherford Company Variable Costing Income Statement For the Month Ended November 30 1 Sales $2,940,000.00 2 Variable cost of goods sold: Variable cost of goods manufactured Inventory, November 30 3 $1,756,800,00 302,222.00 5 1,454,578.00 Total variable cost of goods sold Manufacturing margin Variable colline and administrative worker $1,485,422.00 Variable Costing Income Statement Shaded cells have feedback. TODOS COM For the Month Ended November 30 1 Sales > $2,940,000.00 $1,756,800.00 302,222.00 1,454,578.00 $1,485,422.00 2 Variable cost of goods sold: 3 Variable cost of goods manufactured 4 Inventory, November 30 5 Total variable cost of goods sold Manufacturing margin 7 Variable selling and administrative expenses Contribution margin Fixed costs 10 Fixed manufacturing costs Fixed selling and administrative expenses Total fixed costs 11 12 13 Income from operations