Following is the revenue and cost data for Barian Ltd. in the manufacturing of luxury shower curtains for the year ended December 31, 2020: Variable manufacturing costs $33 per curtain Fixed manufacturing overhead $87,500 Variable selling and administrative expenses $8 per curtain Fixed selling and administrative expenses $184,100 Selling price $81 per curtain Units produced and sold 8,750

Prepare an income statement using absorption costing. Barian Ltd. Income Statement

Absorption Costing

	$

$

Prepare an income statement using variable costing. Barian Ltd. Income Statement

Variable Costing

	$

$