The following information pertains to the first year of operation for Crystal Cold Coolers Incorporated:

Number of units produced	3,200
Number of units sold	2,600
Unit sales price	$ 350
Direct materials per unit	$ 60
Direct labor per unit	$ 45
Variable manufacturing overhead per unit	$ 12
Fixed manufacturing overhead per unit ($240,0003,200 units)	$ 75
Total variable selling expenses ($11 per unit sold)	$ 28,600
Total fixed general and administrative expenses	$ 62,000

Required:

Prepare Crystal Colds full absorption costing income statement and variable costing income statement for the year.

Variable Costing

Prepare a variable costing income statement for the year.