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

question 59

Essay

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