Cosmos Enterprises has the following information: Selling Price per Unit $85 Per Unit Variable Production Costs: Direct materials $12 Direct labor $18 Variable overhead $9 Fixed Production Costs per Year $270,000 $4 Per Unit Variable Selling Costs Fixed Selling and Admin $110,000 Costs per 15,000 units were produced during the year. Part A: Prepare variable costing income statements assuming: Case 1: 12,000 units are sold Case 2: 17,000 units are sold Case 3: 15,000 units are sold Case 1 Case 2 Case 3 Sales Variable Costs Contribution Margin Fixed Costs Net Income Part B: Prepare absorption costing income statements assuming: Case 1: 12,000 units are sold Case 2: 17,000 units are sold Part B: Prepare absorption costing income statements assuming: Case 1: 12,000 units are sold Case 2: 17,000 units are sold Case 3: 15,000 units are sold Case 1 Case 2 Case 3 Sales Cost of Goods Sold Gross Profit Selling and Admin Net Income