T raditional income statement Sales $ 1 1 6 , 5 2 8 6 , 5 2 8 Variable costs: Direct Materials $

 Traditional income statement Sales $ $1$$6,528$

 

Variable costs: 

 

Direct Materials $ $1,764$

 

Direct Labor $ $2,587$

 

Manufacturing Overhead $ $952$

 

Variable selling $ $895$

 

Variable administrative $ $663$

 

Fixed costs: 

 

Fixed selling $ $3,354$

 

Fixed administrative $ $1,127$

 

Fixed Manufacturing Overhead $ $638$

 

Required:

 

Complete a traditional format income statement and a contribution format income statement.