(So 1, 2,3, 5) Calculate the prod- uct cost; prepare income statements under variable costing absorption costing and throughput cost- ing: and reconcile the differences. P8-32A Xantra Corp, is a manufacturer of specialty in-line skates. The operating results for 2016 are as follows: Units produced Units sold Selling price 20,000 pairs 18,000 pairs $200 per pair Production information: Direct materials Direct labour Variable manufacturing overhead Fixed manufacturing overhead Variable marketing costs Fixed marketing costs $1,000,000 750,000 450,000 800,000 180,000 200,000 There was no beginning finished goods inventory Instructions (a) Prepare an absorption-costing income statement. (b) Prepare a variable-costing income statement. (c) Reconcile the net incomes under absorption costing and variable costing (a) NI: $520,000 (b) NI: $440,000 (d) Calculate the break-even point in sales units (pairs of skates) under the current cost structure. (e) Prepare a throughput-costing income statement. () Reconcile the net incomes under throughput costing and variable costing. (d) 12,500 units (e) NI: $320,000 (adapted from CGA Canada, now CPA Canada)