B Sales 12,000 Units Variable Costunit Production Fixed Miq. Costs $ 240,000 SeenSri21 Scenarioz 12,000 Units 48,000 Units $ 20,000 Selling & Admin Exp (75% Variable) 2 Selling Pricelunit $18.00 Scenario Scenario 2 ESMALTE 1. Prepare an income statement for both scenarios under the | Absorption method of costing: 3 Sales 1 COGS 23 Gross Profit 25 Selling & Admin Exp. 27 Inc. From Operations 29 2. Prepare an income statement for both scenarios under the 30 Yariable method of costing: 32 Sales 34 Variable Mfg. 36 Mfg Margin 88 Variable S&A 10 Contribution Margin 12 Fixed Mig 13 Fixed S & A 15 Inc. from Operations Sheet1