Appliance Apps has the following costs associated with its production and sale of devices that allow appliances to receive commands from cell phones.

Beginning Inventory 0

Units Produced 24,000

Units Sold 19,200

Selling Price per Unit $145

Variable Sales and Administration Expenses $5

Fixed Sales and Administration Expenses $931,200

Direct Material Cost per Unit $26

Direct Labor Cost per Unit $10

Variable Manufacturing Overhead Cost per Unit $3

Fixed Manufacturing Overhead Cost per Month $938,400

Question Content Area Prepare an income statement under the absorption method. If an amount box does not require an entry, leave it blank.

Prepare an income statement under the variable costing method. If an amount box does not require an entry, leave it blank.