$3,819,000 DIAZ COMPANY Income Statement (Variable Costing) Sales (57,000 units x $67.00 per unit) Variable expenses Variable manufacturing expense (57,000 units $28.70 per unit) Variable selling and admin. expense (57,000 units x $5.70 per unit) Total variable expenses Contribution margin Fixed expenses Fixed overhead Fixed selling and administrative expense Total fixed expenses Net income 1,635,900 324,900 1,960,800 1,858, 200 408,900 204,450 613,350 $1,244,850 1. Convert Diaz's variable costing income statement to an absorption costing income statement. 2. Fill in the blanks: Convert Diaz's variable costing income statement to an absorption costing income st DIAZ COMPANY Absorption Costing Income Statement Sales Less: Cost of goods sold Variable manufacturing costs Selling general and administrative expenses Fixed selling and administrative costs Net income (loss) Required 1 Required 2 Fill in the blanks: (Round the fixed overhead per unit to two decimal places.) The dollar difference in variable costing income and absorption costing income = units X fixed overhead per unit. Bequired