a$.$ Prepare an income statement based on full absorption costing. Variable and Absorption Costing$-$Service Company

Jensen's Tailoring provides custom tailoring services. After the company's first year of operations, its owner prepared the following summarized data report:

a$.$ Prepare an income statement based on full absorption costing.

Only use a negative sign with your answer for net income $($loss$),$ if the answer represents a net loss. Otherwise, do not use negative signs with any answers. Round answers to the nearest whole number, when

applicable. b$.$ Prepare an income statement based on variable costing.

applicable.

c$.$ Assume that you must decide quickly whether to accept a special one$-$time order to alter $50$ band costumes for $$125$ per costume.

Which income statement presents the most relevant data:

Determine the apparent profit or loss on the special order based solely on these data.

Use a negative sign with your answer if the special order creates an apparent loss. Round answer to the nearest whole number.

Only use a negative sign with your answer for net income $($loss$),$ if the answer represents a net loss. Otherwise, do not use negative signs with any answers. Round answers to the nearest whole number, when

applicable.