r0031) Prepare absorption and variable-costing income statements; reconcile the dierences between the two income statements when sales and production levels change; discuss the usefulness of the two approaches to costing. (LO 1, g, 3) Harrison Pumps is a division of Liverpool Controls Corporation. The division manufactures and sells a pump that is used in a wide variety of applications. During the coming year, it expects to sell 60,000 units for $30 per unit. Irnran Qureshi manages the division. He is considering producing either 60,000 or 90,000 units during the period. Other information is as follows