5 The following information is available for Joan Corporation: Sales price per unit S50 54 57 Direct materials per unit Direct labor per unit Variable factory overhead per unit Variable selling and administrative expenses per unit Total fixed selling and administrative expenses Total fixed manufacturing expenses S8 S2 S120,000 $100,000 Manufactured Sold 20,000 units 15,000 units Beginning inventory O units Required: Prepare an income statement: A Full absorption B. Variable costing c. Reconcile the two income statements