Income Statements under Absorption Costing and Variable Costing

Sales units$)$

$$1,365,000$

Production costs $(14,000$ units$)$:

If required, round interim per$-$unit calculations to the nearest cent.

a$.$ Prepare an income statement according to the absorption costing concept.

Crazy Mountain Sports Inc.

Absorption Costing Income Statement

For the Month Ended March $31$

$$ Check My Work

b$.$ Prepare an income statement according to the variable costing concept.

Crazy Mountain Sports Inc.

Variable Costing Income Statement

For the Month Ended March $31$

I ine Ttam necrrintion Amount Amount

Fixed costs: