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It looks like you've provided an image related to preparing an income statement for Ida Company using variable costing. The form seems to be a template for a "Variable Costing Income Statement," but to complete it, we need some specific financial data, such as:

1. **Sales Revenue**
2. **Variable Costs**, including:
   - Variable Manufacturing Costs
   - Variable Selling and Administrative Costs
3. **Contribution Margin**
4. **Fixed Costs**, including:
   - Fixed Manufacturing Overhead
   - Fixed Selling and Administrative Costs
5. **Operating Income (Net Operating Income)**

### Structure of a Variable Costing Income Statement

The typical format for a Variable Costing Income Statement is as follows:

1. **Sales Revenue**: The total income from goods sold.
2. **Less: Variable Costs**:
   - **Variable Cost of Goods Sold**: Includes direct materials, direct labor, and variable manufacturing overhead.
   - **Variable Selling and Administrative Expenses**.
3. **Contribution Margin**: Calculated as Sales Revenue minus Total Variable Costs.
4. **Less: Fixed Costs**:
   - **Fixed Manufacturing Overhead**.
   - **Fixed Selling and Administrative Expenses**.
5. **Operating Income**: Contribution Margin minus Fixed Costs.

This format emphasizes the distinction between variable and fixed costs, making it easier to see how changes in sales volume affect the profitability.

To fill out the provided template, I'll need the relevant financial data for the company. If you have that data or specific values, feel free to share them, and I'll help you complete the statement.

Would you like me to explain the steps in more detail, or do you have any of the numbers for Ida Company?

### Here are five related questions to help you further understand the topic:
1. What are the main differences between variable costing and absorption costing?
2. How is the contribution margin calculated, and why is it useful?
3. What effect do fixed costs have on operating income when using variable costing?
4. How does a change in sales volume impact the variable costing income statement?
5. How can a company use the contribution margin to make decisions about product pricing?

### Tip:
Remember that the **contribution margin** helps in understanding how much revenue is available to cover fixed costs after paying for variable expenses, which is essential in making short-term financial decisions.

Prepare an Income Statement for last year using variable costing for Ida Company.

This guide walks through preparing an income statement for Ida Company using variable costing. Key elements include sales revenue, variable costs, contribution margin, and fixed costs. Learn how to calculate contribution margin and determine operating income.

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