Santana Rey expects sales of Business Solutions' line of computer workstation furniture to equal 300 workstations (at a sales price of $3,900 each) for 2021. The workstations' manufacturing costs include the following. Direct materials $ 740 per unit Direct labor $ 390 per unit Variable overhead $ 60 per unit Fixed overhead $ 24,000 per year Selling and administrative expenses for these workstations follow. Variable $ 40 per unit Taxed $ 3,800 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 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 Complete the following income statements using absorption costing. Product cost per unit - Absorption costing Production volume 300 320 workstations workstations Product cost per unit - Absorption costing Number of workstations sold Total cost of goods sold BUSINESS SOLUTIONS Income Statements (Absorption Costing) Production volume 300 320 Sales volume - 300 Workstations workstations workstations Under absorption costing, can the difference between production volume and sales volume affect the reported net income (loss)? Required 1 Required 2 Complete the following income statements using variable costing. BUSINESS SOLUTIONS Income Statements (Variable Costing) Production volume (units) 300 workstations 300 Sales volume (units) workstations 320 workstations 300 workstations 0 0 0 0 Under variable costing, can a company increase its net income by increasing production?