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Sales (8,000 units) Production costs (10,000 units): Direct materials Direct labor Variable...

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Accounting

Sales (8,000 units)
Production costs (10,000 units):
Direct materials
Direct labor
Variable factory overhead
Fixed factory overhead
Selling and administrative expenses:
Variable selling and administrative expenses
Fixed selling and administrative expenses
$800,000
$107,900
41,800,149,700
b. Prepare an income statement according to the variable costing concept.
Gallatin County Motors Inc.
Variable Costing Income Statement
For the Month Ended July 31
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