$50 56 Cosmos Enterprises has the following information: Selling Price per Unit Per Unit Variable Production Costs: Direct materials Direct labor Variable overhead Fixed Production Costs per Year Per Unit Variable Selling Costs Fixed Selling and Admin Costs per Year 15,000 units were produced during the year. Part A: Prepare variable costing income statements assuming: Case 1: 17,000 units are sold Case 2: 15,000 units are sold Case 3: 14,000 units are sold Case 1 Case 2 Sales $6 $8 $2 $90,000 $3 $40,000 Case 3 Variable Costs Contribution Margin Fixed Costs Net Income Case 3 Part B: Prepare absorption costing income statements assuming: Case 1: 17,000 units are sold Case 2: 15,000 units are sold Case 3: 14,000 units are sold Case 1 Case 2 Sales Cost of Goods Sold Gross Profit Selling and Admin Net Income