Wayne Frederick expects sales of Bison Business Solutions's line of computer workstation furniture to equal 300 workstations sales price of $3.200 each) for 2021. The workstations manufacturing costs include the following Direct materiala $ 770 per unit Direct labor $ 400 PERLE Variable overhead $ 60 per unit Fixed overhead 519.200 per year The selling expenses related to these workstations follow. Variable selling expenses Fixed selling expenses $ 35 per unit $3,000 per year Wayne Frederick is considering how many workstations to produce in 2021. He is confident that he will be able to sell any workstations in his 2021 ending inventory during 2022. However, Wayne Frederick does not want to overproduce as he does not have sufficient storage space for many more workstations Required: 1. Complete the following income statements using absorption costing. 2. Complete the following income statements using variable costing. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the following income statements using absorption costing. Cost of goods sold: Production volume 300 320 workstations workstations Cost of goods sold per unit Number of workstations sold Total cost of goods sold Bison Business Solutions Absorption Costing Income Statements Production volume 300 320 Sales volume - 300 Workstations workstations workstations - Under absorption costing, can the difference between production volume and sales volume affect the reported net income (loss)? Wing income statements using variable costing. Bison Business Solutions Variable Costing Income Statements Production volume (units) 300 workstations Sales volume (units) 300 workstations 320 workstations 300 workstations 0 0 0 GA 0 $ Net income (loss) Under variable costing, can a company increase mn hy increasing production