20 8 Selling and administrative expenses for these workstations follow. points Variable Fixed $35 per unit...

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20 8 Selling and administrative expenses for these workstations follow. points Variable Fixed $35 per unit $ 4,000 per year HELP SOLVE CORRECTLY IN A MATCHING GRAPH Santana is considering how many workstations to produce in 2021. She is confident that she will be able to sell any workstations in her 2021 ending inventory during 2022. However, Santana does not want to overproduce as she does not have sufficient storage space for many more workstations. Required: 1. Complete the following income statements using absorption costing. 2. Complete the following income statements using variable costing. 3. Which costing method, absorption or variable, yields the higher income when 320 workstations are produced and 300 are sold? Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Complete the following income statements using variable costing. BUSINESS SOLUTIONS Income Statements (Variable Costing) Production volume (units) 300 workstations Sales volume (units) 300 workstations 320 workstations 300 workstations Sales Less: Cost of goods sold 1,080,000 $ 1,260,000x Variable cost of goods sold 0 1,080,000 1,260,000 Plus: Variable expenses x Fixed overhead costs 19,200 Fixed selling and administrative expenses 4,000 19,200 4,000 Income 1,056,800 1,056,800 < Required 1 Required 3 > Chegg answer but not helpful.. unaware what to put in my graph, this does not help me at all. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Complete the following income statements using variable costing. Sales BUSINESS SOLUTIONS Income Statements (Variable Costing) Production volume (units) 300 workstations Sales volume (units) 300 workstations 1,080,000 $ 320 workstations 300 workstations 1.080,000 Direct materials Direct labor Fixed overhead costs Contribution margin x 219,000 219,000 * 96,000 96,000 31,500 31,500 0 733,500 733.500 Fixed overhead costs 0 Fixed selling and administrative expenses 19,200 4,000 19,200 4,000 Income $ 710,300 710,300 Answer is not complete. Description Amount ($) Amount ($) Sales (300 x $3,600) $1,080,000 $1,260,000 Cost of Goods Sold: Direct Materials $219,000 $255,500 Direct Labor $96,000 $112,000 Variable Overhead $21,000 $24,500 Fixed Overhead $19,200 $19,200 Total Cost of Goods Sold $355,200 $411,200 Gross Profit $724,800 $848,800 Selling and Administrative: Variable $10,500 $12,250 Fixed $4,000 $4,000 Total S&A Expenses $14,500 $16,250 Net Income $710,300 $832,550 Required 1 Required 2 Required 3 Complete the following income statements using absorption costing. Past answer that was also incorrect. Production volume Product cost per unit - Absorption costing 300 workstations 320 workstations Direct materials per unit $ 730 $ 730 Direct labor per unit 320 320 Variable overhead per unit 70 70 Fixed overhead per unit 64 60 Product cost per unit - Absorption costing $ 1,184 S 1,180 Number of workstations sold Total cost of goods sold $ 300 355,200 S 300 354,000 BUSINESS SOLUTIONS Income Statements (Absorption Costing) Sales volume - 300 Workstations Sales Cost of goods sold Gross profit Selling and administrative expenses Income Production volume 300 workstations 320 workstations $ 1,080,000 $ 1,080,000 (355,200) (354,000) 724,800 726,000 14,500 14,500 $ 710,300 S 711,500 < Required 1 Required 2 > Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Which costing method, absorption or variable, yields the higher income when 320 workstations are produced and 300 are sold? Which costing method, absorption or variable, yields the higher income when 320 workstations are produced and 300 are sold? Absorption costing method < Required 2 Required 3 > 20 8 Selling and administrative expenses for these workstations follow. points Variable Fixed $35 per unit $ 4,000 per year HELP SOLVE CORRECTLY IN A MATCHING GRAPH Santana is considering how many workstations to produce in 2021. She is confident that she will be able to sell any workstations in her 2021 ending inventory during 2022. However, Santana does not want to overproduce as she does not have sufficient storage space for many more workstations. Required: 1. Complete the following income statements using absorption costing. 2. Complete the following income statements using variable costing. 3. Which costing method, absorption or variable, yields the higher income when 320 workstations are produced and 300 are sold? Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Complete the following income statements using variable costing. BUSINESS SOLUTIONS Income Statements (Variable Costing) Production volume (units) 300 workstations Sales volume (units) 300 workstations 320 workstations 300 workstations Sales Less: Cost of goods sold 1,080,000 $ 1,260,000x Variable cost of goods sold 0 1,080,000 1,260,000 Plus: Variable expenses x Fixed overhead costs 19,200 Fixed selling and administrative expenses 4,000 19,200 4,000 Income 1,056,800 1,056,800 < Required 1 Required 3 > Chegg answer but not helpful.. unaware what to put in my graph, this does not help me at all. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Complete the following income statements using variable costing. Sales BUSINESS SOLUTIONS Income Statements (Variable Costing) Production volume (units) 300 workstations Sales volume (units) 300 workstations 1,080,000 $ 320 workstations 300 workstations 1.080,000 Direct materials Direct labor Fixed overhead costs Contribution margin x 219,000 219,000 * 96,000 96,000 31,500 31,500 0 733,500 733.500 Fixed overhead costs 0 Fixed selling and administrative expenses 19,200 4,000 19,200 4,000 Income $ 710,300 710,300 Answer is not complete. Description Amount ($) Amount ($) Sales (300 x $3,600) $1,080,000 $1,260,000 Cost of Goods Sold: Direct Materials $219,000 $255,500 Direct Labor $96,000 $112,000 Variable Overhead $21,000 $24,500 Fixed Overhead $19,200 $19,200 Total Cost of Goods Sold $355,200 $411,200 Gross Profit $724,800 $848,800 Selling and Administrative: Variable $10,500 $12,250 Fixed $4,000 $4,000 Total S&A Expenses $14,500 $16,250 Net Income $710,300 $832,550 Required 1 Required 2 Required 3 Complete the following income statements using absorption costing. Past answer that was also incorrect. Production volume Product cost per unit - Absorption costing 300 workstations 320 workstations Direct materials per unit $ 730 $ 730 Direct labor per unit 320 320 Variable overhead per unit 70 70 Fixed overhead per unit 64 60 Product cost per unit - Absorption costing $ 1,184 S 1,180 Number of workstations sold Total cost of goods sold $ 300 355,200 S 300 354,000 BUSINESS SOLUTIONS Income Statements (Absorption Costing) Sales volume - 300 Workstations Sales Cost of goods sold Gross profit Selling and administrative expenses Income Production volume 300 workstations 320 workstations $ 1,080,000 $ 1,080,000 (355,200) (354,000) 724,800 726,000 14,500 14,500 $ 710,300 S 711,500 < Required 1 Required 2 > Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Which costing method, absorption or variable, yields the higher income when 320 workstations are produced and 300 are sold? Which costing method, absorption or variable, yields the higher income when 320 workstations are produced and 300 are sold? Absorption costing method < Required 2 Required 3 >