Return to question 1 Santana Rey expects sales of Business Solutions' line of computer workstation furniture to equal 300 workstations at a sales price of $3,100 each) for 2021. The workstations' manufacturing costs include the following. 7.5 points Direct materials Direct labor Variable overhead Fixed overhead $ 700 per unit $ 350 per unit $ 60 per unit $ 24,000 per year Selling and administrative expenses for these workstations follow. Variable Fixed $ 45 per unit $ 3,500 per year Santana is considering how many workstations to produce in 2021. She is confident that she will be able to sell any workstations in her 2021 ending inventory during 2022. 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 320 workstations 300 workstations Complete the following income statements using variable costing. BUSINESS SOLUTIONS Income Statements (Variable Costing) 300 Production volume (units) workstations 300 Sales volume (units) workstations Sales Less: Variable expenses Direct materials Direct labor Fixed overhead costs x Contribution margin 0 Less Fixed expenses Fixed overhead costs Variable selling and administrative expenses ole 0 3XSIOIX Income $ 0 0 Under variable costing, can a company increase its net income by increasing production? No