Sheffield Motors is a division of Sheffield Products Corporation. The division manufactures and sells an electric switch used in a wide variety of applications. During the coming year, it expects to sell 200.000 units for $8.00 per unit. Lisa Anderson is the division manager She is considering producing either 200,000 or 280.000 units during the period. Other information is as follows: Division Information for 2022 O Beginning entory 200.000 Expected sales in units Selling priceperunt SHO $ 2.80 5 560.000 Variable manufacturing cost per unit Fed marvtacturing costs Fixed manufacturing overhead couts per unit Based on 200.000 Bed on 200,000 units Manufacturing cost per unit Ilaced on 200.000 units 52.80 per unit 5 560.000 200.000 52.00 per unit 560.000 200.000 $5.00 per unit $ 2.00 valable $2.0 twed) $450 per unit (5280 variable $2.00 Bon 280,000 units 5050 per unit Variable selling and administrative expenses Fixed sling and administrative expenses total) $11.100 Your Answer Correct Your party correct Prepare an absorption costing income statement with one column showing the results 200.000 units are produced and one column showing the results 280.000 units are produced SHEFFIELDMOTORS DIVISION Income Statement For the Year Ended 2022 Absorption Costing 280,000 200.000 Units produced Uld Codice DED MacBook Ain * de 18 Prepare a variable costing income statement with one column showing the results 1 200,000 units are produced and one column showing the results 280,000 units are produced SHEFFIELDMOTORS DIVISION Income Statement For the Year Ended 2022 Variable Costing Units produced 280.000 200,000 Units sold Units sold Variable costs of goods available for sale Net income The selling and administrative expenses Variable saling and administrative experts | | Fixed costs Variable cost of goods sold Fixed manufacturing overhead Total art costs Variable costs Contribution margin