HOMEWORK 12 Question 6 absorption costing systems. However, one client now needs not only its usual absorption costing income statements but als a financial statements for the same period presented under variable costing. Laura gathers the following information, noting there are no price or efficiency variances in either year. If there is a fixed-MOH volume variance, company policy is to write it off directly to COGS. Prepare income statements for both years under the client's original absorption costing method