Armilla Manufacturing manufactures a single product. Cost, sales, and production information for the company and its single product is as follows: (Click the icon to view the data.) Read the requirements. Requirement 1. Prepare an income statement for the upcoming year using variable costing. Armilla Manufacturing Contribution Margin Income Statement (Variable Costing) For the Year Ended December 31 Less: Less: Requirement 2. Prepare an income statement for the upcoming year using absorption costing. Armilla Manufacturing Income Statement (Absorption Costing) For the Year Ended December 31 More info Sales price per unit $39 Variable manufacturing costs per unit manufactured (DM, DL and variable MOH) $26 Variable operating expenses per unit sold $1 Fixed manufacturing overhead (MOH) in total for the year $126,000 Fixed operating expenses in total for the year $46,000 Units manufactured during the year 18,000 units Units sold during the year 14,500 units Print Done