The following information pertains to the first year of operation for Crystal Cold Coolers Inc.: Number of units produced 3,100 Number of units sold 2,500 Unit sales price $ 360 Direct materials per unit $ 70 Direct labor per unit $ 45 Variable manufacturing overhead per unit $ 15 Fixed manufacturing overhead per unit ($217,000/3,100 units) $ 70 Total variable selling expenses ($14 per unit sold) $ 35,000 Total fixed general and administrative expenses $ 64,000 Required: Prepare Crystal Colds full absorption costing income statement and variable costing income statement for the year.

The following information pertains to the first year of operation for Crystal Cold Coolers Inc.: Number of units produced Number of units sold Unit sales price Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per unit ($217,000/3,100 units) Total variable selling expenses ($14 per unit sold) Total fixed general and administrative expenses 3,100 2,500 $ 360 70 $ $ 15 $ 70 $ 35,000 $ 64,000 45 Required: Prepare Crystal Cold's full absorption costing income statement and variable costing income statement for the year. Complete this question by entering your answers in the tabs below. Full Absorption Costing Variable Costing Prepare Crystal Cold's full absorption costing income statement for the year. CRYSTAL COLD COOLERS INC. Full Absorption Costing Income Statement Sales Less: Cost of Goods Sold Gross Margin Less: Non-Manufacturing Expenses $ 900,000 Net Operating Income The following information pertains to the first year of operation for Crystal Cold Coolers Inc.: Number of units produced Number of units sold Unit sales price Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per unit ($217,000/3,100 units) Total variable selling expenses ($14 per unit sold) Total fixed general and administrative expenses 3,100 2,500 $ 360 $ 79 $ 45 $ 15 $ 70 $ 35,000 $ 64,000 AAGAAAA Required: Prepare Crystal Cold's full absorption costing income statement and variable costing income statement for the year. Complete this question by entering your answers in the tabs below. Full Absorption Costing Variable Costing Prepare variable costing income statement for the year. CRYSTAL COLD COOLERS INC. Variable Costing Income Statement Less: variable cost of goods sold Contribution Margin Less: Fixed Costs Net Operating Income