Using the following information,prepare a traditional income statement and a variable costing income statement:
$\begin{array}{lr}
\text { Sales } & \$ 4,000,000 \
\text { Variable cost of goods sold } & 1,800,000 \
\text { Variable selling expenses } & 900,000 \
\text { Fixed selling expenses } & 100,000 \
\text { Fixed manufacturing costs } & 600,000 \
\end{array}$

Question

Using the following information,prepare a traditional income statement and a variable costing income statement:
 $\begin{array}{lr}
\text { Sales } & \$ 4,000,000 \
\text { Variable cost of goods sold } & 1,800,000 \
\text { Variable selling expenses } & 900,000 \
\text { Fixed selling expenses } & 100,000 \
\text { Fixed manufacturing costs } & 600,000 \
\end{array}$

Quizplus · Accepted Answer

The Answer of Using the following information,prepare a traditional income statement and a variable costing income statement:
 $\begin{array}{lr}
\text { Sales } & \$ 4,000,000 \
\text { Variable cost of goods sold } & 1,800,000 \
\text { Variable selling expenses } & 900,000 \
\text { Fixed selling expenses } & 100,000 \
\text { Fixed manufacturing costs } & 600,000 \
\end{array}$

Using the Following Information,prepare a Traditional Income Statement and a Variable