Use the following data (in millions) for 2011 for Sprouse Company to prepare a variable costing income statement, and an absorption costing income statement under the given conditions:

Sales $150 Variable FOH $5

Var. S&A 27 DL 20

Fixed S&A 25 DM 50

Fixed FOH 10

a. Inventory levels remained constant.

Absorption Costing Inc Stmt Variable Costing Inc Stmt

b. No beginning inventory; 68 units were made; 52 units were sold.

Absorption Costing Inc Stmt Variable Costing Inc Stmt