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 $32 per curtain

Fixed manufacturing overhead $70,650

Variable selling and administrative expenses $7 per curtain

Fixed selling and administrative expenses $189,900

Selling price $81 per curtain

Units produced and sold 7,850

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