- FAB produces fabries that are used for clothing and other applications. In 2016, the first yesr of operations, FAB produced 500,000 yards of labric and sold 400,000 yards in 2017, the production and sales results were exactly reversed. In each year, selling price per yard was 12 50, variable marrufsscturing costs were 10% of the sales price of units , dewed, variable selling expenses were 10% of the selling price of units sold, fixed ,nontac furing costs were $400,000, and fixed adsinistrative expenses were $100,000 Inetructiom (a) Piepare income statements for each year using variable costing, f