ADM 2341 Managerial Accounting Ch 8 Capstone Problem The vice president of sales at Golfville Corporation would like to prepare the income statement for January 2016. The data needed is given below: 1. Unit sales price for January averaged S24 2.Inventory, beginning:0 3.Inventory, ending: 50,000 units. 4.Units sold: 100,000 5.Total variable manufacturing cost: $10 per unit 6.Selling and admin variable expenses: $2 per unit 7.Fixed costs: Manufacturing $600,000, Sellng and administrative $400,000 REQUIRED Prepare the January income statement using variable costing Prepare the January income statement using absorption costing Reconcile and explain the difference between income figures when variable costing C. and absorption costing are used. d. Provide the vice president of sales with sound reasons for using variable costing for income measurement. ADM 2341 Managerial Accounting Ch 8 Capstone Problem The vice president of sales at Golfville Corporation would like to prepare the income statement for January 2016. The data needed is given below: 1. Unit sales price for January averaged S24 2.Inventory, beginning:0 3.Inventory, ending: 50,000 units. 4.Units sold: 100,000 5.Total variable manufacturing cost: $10 per unit 6.Selling and admin variable expenses: $2 per unit 7.Fixed costs: Manufacturing $600,000, Sellng and administrative $400,000 REQUIRED Prepare the January income statement using variable costing Prepare the January income statement using absorption costing Reconcile and explain the difference between income figures when variable costing C. and absorption costing are used. d. Provide the vice president of sales with sound reasons for using variable costing for income measurement