Variable Costing Income Statement Sales $ 8000000 Variable cost of Goods Sold: Beginning Inventory $ 0 Direct materials 2100000 Direct labor 1680000 Variable manufacturing 1260000 Less: Ending Inventory Variable cost of goods sold Variable operating expens Contribution margin Fixed costs: Manufacturing overhea 0 X Operating expenses 0 X Total Fixed Cost 0 x Net Income (Loss) $ 0 x +6 Sales (100,000 units) $8,000,000 Production costs (105,000 units) Direct material 2,t00,000 Direct labor 1,680,000 Manufacturing overhead: Variable 1,260,000 Fixed 1,050,000 Operating expenses: Variable 560,000 Fixed 640,000