Prepare an income statement using variable costing. (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).)

ASIAN WINDOWS Income Statement December 31, 2020For the Month Ended December 31, 2020For the Year Ended December 31, 2020 Variable Costing
SalesTotal variable costsVariable costsContribution marginTotal fixed costsFixed costsNet income				$
LessAdd: Contribution marginVariable costsNet incomeTotal variable costsTotal fixed costsSalesFixed costs
Fixed selling and administrative expensesVariable costs of goods available for saleVariable cost of goods soldNet incomeFixed manufacturing overheadVariable selling and administrative expensesVariable costs of goods manufactured		$
Fixed selling and administrative expensesFixed manufacturing overheadVariable cost of goods soldVariable costs of goods manufacturedVariable selling and administrative expensesVariable costs of goods available for saleNet income
Net incomeContribution marginTotal fixed costsVariable costsSalesTotal variable costsFixed costs
SalesFixed costsNet incomeTotal variable costsTotal fixed costsContribution marginVariable costs
LessAdd: Contribution marginFixed costsTotal fixed costsSalesNet incomeVariable costsTotal variable costs
Variable costs of goods available for saleVariable selling and administrative expensesFixed manufacturing overheadNet incomeVariable cost of goods soldVariable costs of goods manufacturedFixed selling and administrative expenses
Variable selling and administrative expensesVariable costs of goods available for saleVariable cost of goods soldNet incomeFixed selling and administrative expensesVariable costs of goods manufacturedFixed manufacturing overhead
Fixed costsTotal variable costsTotal fixed costsSalesVariable costsNet incomeContribution margin
Net incomeContribution marginTotal variable costsTotal fixed costsSalesVariable costsFixed costs				$

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