Santana Rey expects sales of Business Solutions's line of computer workstation furniture to equal 300 workstations (at a sales price of $3,300 each) for 2019. The workstations' manufacturing costs include the following Direct materials Direct labor Variable overhead Fixed overhead 760 per unit $ 320 per unit $ 60 per unit $14,480 per year The selling expenses related to these workstations follow. Variable selling expenses Fixed selling expenses $ 45 per unit $3,800 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 her 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, Required 1 Required 2 Complete the following income statements using absorption costing. Production volume 300 320 workstations workstations 760 $ 760 320 320 Cost of goods sold: Direct materials per unit Direct labor per unit Variable overhead per unit Fixed overhead per unit Cost of goods sold per unit Number of workstations sold Total cost of goods sold 60 60: $ 1,140 $ 1,140 BUSINESS SOLUTIONS Absorption Costing Income Statements Production volume 300 320 Sales volume - 300 Workstations workstations workstations Sales Cost of goods sold Gross margin 0 0 Selling general and administrative expenses Net Income (loss) 0 $ 0 Under absorption costing, can the difference between production men and then an BOCO Complete the following income statements using variable costing. . BUSINESS SOLUTIONS Variable Costing Income Statements Production volume (units) 300 workstations 300 Sales volume (units) workstations 320 workstations 300 workstations 0 0 Net income (loss) $ 0 $ 0 Under variable costing, can a company increase its net income by increasing production