The ones in green are correct. Answer using the same format and show your work for the direct labour cost and variable overhead cost, please.

Your answer is partially correct. Following is selected data for the year ended December 31, 2020 for Fabio Manufacturing Inc. Selling price: $30.00 per unit Units produced 314,200; sold 274,400; beginning inventory zero Variable unit costs: Manufacturing $20.40 (direct materials $10.30, direct labour $6.10, and variable overhead $4.00); Selling and administrative expenses $3.90 Fixed costs: Manufacturing overhead $462,000, based on a budgeted volume of 330,000 units Selling and administrative expenses $255,600 The company expenses production volume variances to cost of goods sold in the accounting period in which they occur. Prepare an income statement using throughput-costing for 2020. Fabio Manufacturing Inc. Income Statement For the Year Ended December 31, 2020 Throughput Costing Sales $ 8,232,000 Variable Cost of Goods Sold 2.826,320 i Throughput Contribution Margin 5,405,680 Other Operating Expenses Direct Labour Costs (1673840) Variable Overhead Costs (1097600) Variable Selling and Administrative Expenses 1,070,160 i Fixed Overhead Costs 462,000 i Fixed Selling and Administrative Expenses (255,600) i Net Income / (Loss) $ $ 846,480