income will be higher under The Trapani Company had the following actual data for 200 and 201 : (Click the icon to view the actual data for 200 and 20X1.) The basic production data at standard unit costs for the 2 years were as follows: (Click the icon to view the basic production data at standard unit costs.) i. (Click the icon to view other budgeted data) Assume that there were absolutely no variances fro selling prices or budgeted fixed costs in 200. Ther work in process. Requirement 1. For 200, prepare income statements based on standard variable (direct) costing and standard absorption costing. Begin with the standard variable-costing income statement. First, complete the income statement through the contribution margin, then complete the rest of the income make sure to enter " 0 " in the appropriate cell.) he icon to view the actual data for 20X0 and 20X1.) The basic production data at standard unit costs for the 2 years were as follows: (Click the icon to view the basic production data at standard unit costs.) (1) (Click the icon to view other budgeted data.) Assume that there were absolutely no variances from any standard variable costs or budgeted selling prices or budgeted fixed costs in 200. There were no beginning or ending inventones of work in process Dnad the mnuiramante Operating income balance, make sure to enter " 0 " in the appropriate cell.) [rapani Company Data table ement 1. For 20X0, prepare income st vith the standard variable-costing incon iure to enter " 0 " in the appropriate cell.) Data table XO, prepare income state tion costing variable-costing income on margin, then complete the rest of n the appropriate cell.) Requirement 1. For 200, prepare income statements based on standard variable (direct) costing and standard absorption costing. Begin with the standard variable-costing income statement. First, complete the income statement through the contribution margin, then complete the rest of the income statemen make sure to enter "0" in the appropriate cell.) The basic production data at standard unit costs for the 2 years were as follows: (Click the icon to view the basic production data at standard unit costs.) Assume that there were absolutel selling prices or budgeted fixed c work in process. C F Now prepare the standard absorption-costing income statement. First, complete the income statement through the gross profit, at standard, then cor balance, make sure to enter "0" in the appropriate cell.) he icon to view the actual data for 20X0 and 20X1.) The basic production data at standard unit costs for the 2 years were as follows: (Click the icon to view the basic production data at standard unit costs.) (1) (Click the icon to view other budgeted data.) Assume that there were absolutely no variances from any standard variable costs or budgeted selling prices or budgeted fixed costs in 200. There were no beginning or ending inventones of work in process Dnad the mnuiramante Operating income balance, make sure to enter " 0 " in the appropriate cell.) [rapani Company (Click the icon to view the actual data for 20X0 and 20X1.) The basic production data at standard unit costs for the 2 years were as follows: Assume that there were absolutely no variances selling prices or budgeted fixed costs in 200 work in process. (Click the icon to view the basic production data at standard unit costs.) Daad the raruiramnnte Requirement 2. Explain why operating income differs between variable costing and absorption costing. Be specific. When inventories increase, operating income will be higher under If inventories decrease, operating income will be higher under