Estimated Income Statements, using Absorption and Variable Costing Prior to the first month of operations ending October 31 Marshall Inc. estimated the following operating results: Sales (24,000 $83) $1,992,000 Manufacturing costs (24,000 units): Direct materials 1,204,800 Direct labor 285,600 Variable factory overhead 132,000 Fixed factory overhead 158,400 Fixed selling and administrative expenses 43,100 Variable selling and administrative expenses 52,100 The company is evaluating a proposal to manufacture 26,400 units instead of 24,000 units, thus creating an Inventory, October 31 of 2,400 units. Manufacturing the additional units will not change sales, unit variable factory overhead costs, total fixed factory overhead cost, or total selling and administrative expenses. a. 1. Prepare an estimated income statement, comparing operating results if 24,000 and 26,400 units are manufactured in the absorption costing format. If an amount box does not require an entry leave it blank or enter "0". Marshall Inc. Absorption Costing Income Statement For the Month Ending October 31 24,000 Units Manufactured 26,400 units Manufactured Cost of goods sold: Income from operations a. 2. Prepare an estimated income statement, comparing operating results if 24,000 and 26,400 units are manufactured in the variable costing format. If an amount box does not require an entry leave it blank or enter "0". Marshall Inc. Variable Costing Income Statement For the Month Ending October 31 24,000 Units Manufactured 26,400 Units Manufactured Variable cost of goods soldi Fixed costs: Total fixed costs Odd