Variable costing income statement

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Reference no: EM131103781

Variable Costing Income statement

e5A. Vegan, LLC, owns a chain of gourmet vegetarian take-out markets. Vegan's income statement in the traditional reporting format for the month follows.

Vegan, LLC Income statement For the Month

Sales	$890,000
Cost of goods sold	607,000
Gross margin Selling and administrative expenses:	$283,000
Variable	(44,500)
Fixed	(72,300)
Operating income	$166,200

Total fixed production costs for the month were $140,000. Prepare an income statement for Vegan, LLC, for the month, using the variable costing format.

Reference no: EM131103781

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