(Solved): Variable Costing Income Statement for a Service Company The actual and planned data for Broadwater ...

Variable Costing Income Statement for a Service Company The actual and planned data for Broadwater Institute \& Technical School for the Fall term were as follows: Registration, records, and marketing costs vary by the number of enrolled students, while instructional costs vary by the number of credit hours. Depreciation is a fixed cost. Prepare a variable costing income statement showing the contribution margin and operating income for the Fall term.