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Sales Volume July August September 40,000.00 42,000.00 39,000.00 Production Volume 52,000.00 54,000.00 48,000.00 Sales Price $ 570.00 per unit Wood $ 30.00 per unit

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Sales Volume July August September 40,000.00 42,000.00 39,000.00 Production Volume 52,000.00 54,000.00 48,000.00 Sales Price $ 570.00 per unit Wood $ 30.00 per unit Screws $ 10.00 per unit Glue $ 8.00 per unit Stain $ 12.00 per unit Facatory Labor $ 26.00 per unit Office Labor $ 21.00 per unit Factory Rent $ 2,200.00 per month Factory Insurance $ 900.00 per month Office Rent $ 1,560.00 per month $580 per month Office Insurance Required: Complete an income statement for July, August, and September in the variable and absorption income statemenet format. Then complete a reconciliation between the two net income numbers for each month.

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