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Zule Company produces a single product. Its income statements under absorption costing for its first two years of operation follow. Additional information a. Sales and

image text in transcribedimage text in transcribed Zule Company produces a single product. Its income statements under absorption costing for its first two years of operation follow. Additional information a. Sales and production data for these first two years follow. b. Its variable costs per unit and fixed costs per year are unchanged during these years. Its $26 per unit product cost using absorption costing consists of the following. c. Its selling and administrative expenses consist of the following. Required Prepare income statements under variable costing for each of these two years

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