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

Number of units produced		3,200
Number of units sold		2,500
Unit sales price	$	345
Direct materials per unit	$	50
Direct labor per unit	$	50
Variable manufacturing overhead per unit	$	15
Fixed manufacturing overhead per unit ($256,000/3,200 units)	$	80
Total variable selling expenses ($10 per unit sold)	$	25,000
Total fixed general and administrative expenses	$	58,000

Required:

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

3 68 oints The following information pertains to the first year 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 ($256,000/3,200 units) Total variable selling expenses ($10 per unit sold) Total fixed general and administrative expenses Full Absorption Costing Complete this question by entering your answers in the tabs below. Variable Costing Required: Prepare Crystal Cold's full absorption costing income statement and variable costing income statement for the year. CRYSTAL COLD COOLERS INC. Full Absorption Costing Income Statement operation for Crystal Cold Coolers Inc.: Prepare Crystal Cold's full absorption costing income statement for the year. Sales Less: Cost of Goods Sold Gross Margin Less: Non-Manufacturing Expenses Variable Selling Expense Fixed General and Administrative Expenses X Answer is not complete. Net Operating Income $ 862,500 (25,000) (58,000) 0 0 $ $ $ $ $ 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 ($256,000/3,200 units) Total variable selling expenses ($10 per unit sold) Total fixed general and administrative expenses Complete this question by entering your answers in the tabs below. Full Absorption Variable Costing Costing Prepare variable costing income statement for the year. Required: Prepare Crystal Cold's full absorption costing income statement and variable costing income statement for the year. CRYSTAL COLD COOLERS INC. Variable Costing Income Statement Sales Less: variable cost of goods sold Variable Selling Expenses Contribution Margin Less: Fixed Costs X Answer is not complete. Fixed Manufacturing Overhead Expenses Fixed General and Administrative Expenses Net Operating Income $ 862,500