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The following information pertains to the first year of operation for Crystal Cold Coolers Inc.: 3,000 2,500 355 55 Number of units produced Number of

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The following information pertains to the first year of operation for Crystal Cold Coolers Inc.: 3,000 2,500 355 55 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 ($225,000/3,000 units) Total variable selling expenses ($14 per unit sold) Total fixed general and administrative expenses 55 $ 12 $ 75 $ 35,000 $ 57,000 Required: Prepare Crystal Cold's full absorption costing income statement and variable costing income statement for the year

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