PB 17. LO 6.5 This information was collected for the first year of manufacturing for Wifi Apps: Direct materials per unit Direct labor per unit $ $ Variable manufacturing overhead per unit $ Variable selling and administration expenses $ Units produced Units sold Sales price Fixed manufacturing expenses Fixed selling and administration expenses 1.75 3.50 0.55 1.25 50,000 40,000 13 $ $120,000 $ 35,000 Prepare an income statement under variable costing and prepare a reconciliation to the income under the absorption method.

PB 17. LO 6.5 This information was collected for the first year of manufacturing for Wifi Apps: Prepare an income statement under variable costing and prepare a reconciliation to the income under the absorption method