Using Actual Costing, a. Prepare variable costing and absorption costing income statements for 2015 only.

McShane Inc. manufactures hair brushes that sell at wholesale for $60.00 per unit. Budgeted production in both 2015 and 2016 was 2, 500 units and fixed overhead budgeted was $26,000 in each year. There was no beginning inventory in 2015. The following data summarized the 2015 and 2016 operations