4:20 .. ohlone.instructure.com EX7115 Xit Variable vs Absorption Costing Select data about JackJoe, Inc. is provided below: 1. Create a variable and absorption income statement based on selling all of the units produced (5 points each, 10 total). 2. Compute the breakeven selling price per unit (5 points). 3. If Jack Joe only sold half of the production, which income statement would report higher net income? (5 points) Direct materials per unit $2 Direct labor per unit $1.50 Overhead: Variable per unit $3 Fixed total $200,000 SG&A Variable per unit $1.00 Fixed total $45,000 Units produced 100,000 Sales price per unit $10.00