Current Attempt in Progress

Following is the revenue and cost data for Waterway Ltd$.$ in the manufacturing of luxury shower curtains for the year ended December $31,2022$:

Variable manufacturing costs $$33$ per curtain

Fixed manufacturing overhead $$73,350$

Variable selling and administrative expenses $$7$ per curtain

Fixed selling and administrative expenses $$187,200$

Selling price $$81$ per curtain

Units produced and sold $8,150$

Prepare an income statement using absorption costing. Preaper an income statment using variable cost