income statement using variable costing *
Sales revenue LESS: variable expensesvariable costs of goods soldvariable operating expensesContribution marginLESS: fixed expensesfixed manufacturing overhead fixed operating expensesOperating incomeHOW to do calculations:1) Sales revenue: number of units sold X the sales price per unit2) Variable costs of goods sold: total variable costs per unit X number of units3) Variable operating expenses: number of units sold X the variable operating expenses per unit sold4) Fixed manufacturing overhead: is given 5) Fixed operating expenses: is given