Prepare an income statement for the month using the contribution format and the variable costing method.

Maffei Company, which has only one product, has provided the following data concerning its most recent month of operations: $138 Units in beginning inventory.... Units produced.. Units sold.. Units in ending inventory.. 7,200 7,000 200 Variable costs per unit: S42 S32 $1 S8 Direct materials Variable manufacturing overhead... Variable selling and administrative. Fixed costs: S280,800 $98,000