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 ($203, 000/2,900 units) Total variable selling expenses ($15 per unit sold) Total fixed general and administrative expenses. 2,900 2,600 $ 345 $ 50 $ 40 13 $ 70 $39,000 $60,000 Required: Prepare Crystal Cold's full absorption costing income statement and variable costing income statement for the year. B 2 Prepare Crystal Cold's full absorption costing income statement for CRYSTAL COLD COOLERS INC. Full Absorption Costing Income Statement Less: Cost of Goods Sold Gross Margin Less: Non-Manufacturing Expenses Net Operating Income s Full Absorption costing CRYSTAL COLD COOLERS INC. Variable Costing Income Statement Less: variable cost of goods sold Contribution Margin Less: Fixed Costs Net Operating Income