Please complete both a variable income statement and absorption income statement for Mount Olive International Manufactures Corporation regarding December 2019. Then complete a reconciliation between both net income amounts.

Mount Olive International Manufacturers Corporation Financial Data- December 2019

December 2019 Sales- 33,000 Units

December 2019 Production- 38,500 Units

Sales Price Per Unit- $710

Direct Materials- $35 Per Unit

Manufacturing Direct Labor Per Unit- $18

Manufacturing Overhead Per Unit- $23

Administrative Office Staff Salaries- $27,000

Manufacturing Supervisor Salaries- $25,300

Administrative Office Hurly Labor- $17 Per Unit