APPLICATION FOR FULL AND VARIABLE COSTING INCOME STATEMENTS A unique good is being produced in the business and financial information is recorded seriously. Here are given the financial information for last three periods: Direct Material Cost Direkt Labor Cost Variable Factory Overhead Variable Marketing Expenses Fixed Manufacturing Cost Fixed Res. & Dev. Expenses Fixed Marketing Expenses Unit Sale Price 11.50 $ 7.20 $ 5.20 $ 15.-- S 65,600.-- S 1,750.-- S 6,250.-- $ 157.50 $ Quantity information for the last three periods are as follows: PERIOD I PERIOD HI PERIOD III Units in the beginning of the period 250 U. 250 U. Production units of the period 1.050 U. 880 U. 710 U. Units sold in the period 800 U. 880 U. 960 U. Units at the end of the period 250 U. 250 U. Inventories have to be evaluated with First in first out method. Prepare the Income Statements of the business for last three periods . With absorption method . With variable method