Aspen Incorporated has the following information for its first year of operations: Units produced Units sold...

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Aspen Incorporated has the following information for its first year of operations: Units produced Units sold Unit sales price 3,600 3,600 200 Direct material per unit 60 Direct labor per unit 30 Variable manufacturing overhead per unit Fixed manufacturing overhead 30 115,200 Variable selling expenses per unit 15 Fixed selling and administrative expenses 65,000 Required: a. Prepare Aspen's full absorption costing income statement. b. Prepare Aspen's variable costing income statement. Omit Per Unit and Percent of Sales columns. Complete this question by entering your answers in the tabs below. Required A Required B Prepare Aspen's full absorption costing income statement. Note: Do not round your intermediate calculations. Round your answers to nearest dollar amounts. Aspen Incorporated Absorption Costing Income Statement Sales Revenue $ 720,000 Cost of Goods Sold (547,200) Variable Costs $ (54,000) Gross Margin $ 234,000 Fixed Costs 115,200 Selling and Administrative Expenses $ 65,000 5 Complete this question by entering your answers in the tabs below. 39:55 Required A Required B Prepare Aspen's full absorption costing income statement. Note: Do not round your intermediate calculations. Round your answers to nearest dollar amounts. Aspen Incorporated Absorption Costing Income Statement Sales Revenue $ 720,000 Cost of Goods Sold (547,200) Variable Costs $ (54,000) Gross Margin $ 234,000 Fixed Costs 115,200 Selling and Administrative Expenses $ 65,000 Net Operating Income $ 53,800 Complete this question by entering your answers in the tabs below. Required A Required B :42 Prepare Aspen's variable costing income statement. Omit Per Unit and Percent of Sales columns. Note: Do not round your intermediate calculations. Round your answers to nearest dollar amounts. Aspen's Incorporated Sales Revenue Cost of Goods Sold Contribution Margin Variable Costing Income Statement $ 720,000 (547,200) Aspen Incorporated has the following information for its first year of operations: Units produced Units sold Unit sales price 3,600 3,600 200 Direct material per unit 60 Direct labor per unit 30 Variable manufacturing overhead per unit Fixed manufacturing overhead 30 115,200 Variable selling expenses per unit 15 Fixed selling and administrative expenses 65,000 Required: a. Prepare Aspen's full absorption costing income statement. b. Prepare Aspen's variable costing income statement. Omit Per Unit and Percent of Sales columns. Complete this question by entering your answers in the tabs below. Required A Required B Prepare Aspen's full absorption costing income statement. Note: Do not round your intermediate calculations. Round your answers to nearest dollar amounts. Aspen Incorporated Absorption Costing Income Statement Sales Revenue $ 720,000 Cost of Goods Sold (547,200) Variable Costs $ (54,000) Gross Margin $ 234,000 Fixed Costs 115,200 Selling and Administrative Expenses $ 65,000 5 Complete this question by entering your answers in the tabs below. 39:55 Required A Required B Prepare Aspen's full absorption costing income statement. Note: Do not round your intermediate calculations. Round your answers to nearest dollar amounts. Aspen Incorporated Absorption Costing Income Statement Sales Revenue $ 720,000 Cost of Goods Sold (547,200) Variable Costs $ (54,000) Gross Margin $ 234,000 Fixed Costs 115,200 Selling and Administrative Expenses $ 65,000 Net Operating Income $ 53,800 Complete this question by entering your answers in the tabs below. Required A Required B :42 Prepare Aspen's variable costing income statement. Omit Per Unit and Percent of Sales columns. Note: Do not round your intermediate calculations. Round your answers to nearest dollar amounts. Aspen's Incorporated Sales Revenue Cost of Goods Sold Contribution Margin Variable Costing Income Statement $ 720,000 (547,200)