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32 Serial Problem Business Solutions P2, P3 2.17 points Santana Rey expects sales of Business Solutions's line of computer workstation furniture to equal 300 workstations (at a sales price $3,800 each) for 2019. The workstations' manufacturing costs include the following. Skipped Direct materials Direct labor Variable overhead Fixed overhead $ 710 per unit $ 340 per unit $ 80 per unit $14,400 per year eBook References The selling expenses related to these workstations follow. Variable selling expenses Fixed selling expenses $ 45 per unit $3,300 per year Santana is considering how many workstations to produce in 2019. She is confident that she will be able to sell any workstations in h 2019 ending Inventory during 2020. However, Santana does not want to overproduce as she does not have sufficient storage space for many more workstations. Required: 1. Complete the following Income statements using absorption costing. 2. Complete the following income statements using variable costing. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the following income statements using absorption costing. Production volume 300 320 Cost of goods sold: workstations workstations Cost of goods sold per unit Number of workstations sold Total cost of goods sold BUSINESS SOLUTIONS Absorption Costing Income Statements Production volume 300 Sales volume - 300 Workstations 320 workstations workstations 0 0 S 0 S 0 Under absorption costing, can the difference between production volume and sales volume affect the reported net income (loss)? Required 1 Require Required 1 Required 2 Complete the following income statements using variable costing. BUSINESS SOLUTIONS Variable Costing Income Statements 300 320 Production volume (units) workstations workstations 300 300 Sales volume (units) workstations workstations 0 0 Net income (loss) S 0 S Under variable costing, can a company increase its net income by increasing production?