During 2012, Stevatar Enterprises Produced 60,000 Units and Sold 50,000

Essay

During 2012, Stevatar Enterprises produced 60,000 units and sold 50,000 for $10 per unit. Variable manufacturing costs were $4 per unit. Annual fixed manufacturing overhead was $120,000 ($2 per unit). Variable selling and administrative costs were $1 per unit sold, and fixed selling and administrative costs were $30,000.
Required:
Prepare a variable costing income statement for Stevatar Enterprises.