Instructions Prior to the first month of operations ending October 31, Marshall Inc. estimated the following operating results: X $2,304,000.00 1 Sales (28,800 $80) 2 Manufacturing costs (28,800 units): Direct materials 3 1,152,000.00 4 Direct labor 259,200.00 5 172,800.00 6 244,800.00 Variable factory overhead Fixed factory overhead Fixed selling and administrative expenses Variable selling and administrative expenses 7 29,400.00 8 34,500.00 The company is evaluating a proposal to manufacture 36,000 units instead of 28.800 units, thus creating an ending inventory of 7,200 units. Manufacturing the additional unts will not change sales, unit variable factory overhead costs, total fixed factory overhead cost, or total seling and administrative expenses Required: a. Prepare an estimated Income statement, comparing operating results 28,800 and 36,000 units are manufactured in (1) the absorption costing format and (2) the variable costing format. Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. A colon () ww automatically appear if required. Round your unit cost to two decimal places and final answers to the nearest dotar amount Enteral amounts as posive numbers Absorption Couting Income Statement Shaded colis have feedback (1). Prepare an estimated Income statement, comparing operating results ir 28,800 and 36,000 units are manufactured in the absorption conting format. Hofer to the lots of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heating A colon () will automatically appear if required. Round your unir cost to two decimal places and final answers to the nearest dollar amount Enfor all amounts as positive numbers Score: 54/95 Marshall Inc. Absorption Costing Income Statement Labell 28,800 Units Manufactured $2,504,000.00 36,000 Units Manufactured $2,304,000.00 Sales $1,328,800.00 $1,828,800.00 7,200.00 Cost of goods sold Cost of goods manufactured Inventory, October 31 Total cost of goods sold 7 Gross profit Selling and administrative expenses Income from operations $411,500.00 Variable Costing Income Statement Shaded celu have feedback 22). Prepare an estimated income statement, comparing operating resume # 28,900 and 36.000 units are manustactured in the variabile coating format. Refer to the dists of Latvia and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. A colon () will automaticaly appear f required. Entora amounts as positive numbers Question not attempted Marshall Inc Score: 0/149 Variable Costing Income Statement Label 28,800 Units Manufactured 36,000 Units Manufactured 1 + I 1 . Shaded cells Absorption Costing Income Statement Variable Costing Income Statement Shaded cells Score: 0/149 Marshall Inc Variable Costing Income Statement (Label 28,800 Units Manufactured 36,000 Units Manufactured 2 1 5 2 1 5 10 (tabel) 11 12 15 14