A company reported the following information for its first year of operations: Units produced Units sold Unit sales price Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead Variable selling expenses per unit Fixed selling and administrative expenses Required: a. Prepare a full absorption costing income statement. b. Prepare a variable costing income statement. 5,000 4,000 $ 250.00 62.50 75.00 12.50 105,000 12.50 40,000 Complete this question by entering your answers in the tabs below. Required A Required B Prepare a full absorption costing income statement. Note: Do not round your intermediate calculations. Round your answers to nearest dollar amounts. Absorption Costing Income Statement Variable manufacturing overhead per unit Fixed manufacturing overhead 12.50 105,000 Variable selling expenses per unit 12.50 40,000 Fixed selling and administrative expenses Required: a. Prepare a full absorption costing income statement. b. Prepare a variable costing income statement. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a variable costing income statement. Omit Per Unit and Percent of Sales columns. Note: Do not round your intermediate calculations. Round your answers to nearest dollar amounts. Contribution Margin Variable Costing Income Statement < Required A Required