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Absorption Costing Income Statement


[Period ending date]
SALES REVENUE
MARGINAL COST OF SALES
Direct materials
Direct labor
Variable production overheads
Fixed manufacturing overhead
TOTAL MARGINAL COSTS OF SALES
GROSS PROFIT
DISTRIBUTION AND ADMINISTRATIVE COSTS
Variable
Fixed
TOTAL DISTRIBUTION AND ADMINISTRATIVE COSTS
NET PROFIT

$850,000.00

$150,000.00
$90,000.00
$60,000.00
$160,000.00
$460,000.00
$390,000.00

$120,000.00
$50,000.00
$170,000.00
$220,000.00

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