Benson Glass Company makes stained glass lamps. Each lamp that it sells for $$315\mathrm{.}70$ per lamp requires $$16\mathrm{.}90$ of direct materials and

$$71\mathrm{.}90$ of direct labor. Fixed overhead costs are expected to be $$193,500$ per year. Benson Glass expects to sell $1,000$ lamps during

the coming year. Selling and administrative expenses were zero.

Required:

a$.$ Prepare income statements using absorption costing, assuming that Benson Glass makes $1,000,1,250,$ and $1,500$ lamps during the

year.

b$.$ Prepare income statements using variable costing, assuming that Benson Glass makes $1,000,1,250,$ and $1,500$ lamps during the

year.

Complete this question by entering your answers in the tabs below.

Reduuired A

Required B

Prepare income statements using absorption costing, assuming that Benson Glass makes $1,000,1,250,$ and $1,500$ lamps

during the year.

Note: Do not round intermediate calculations.