From Variable Costing and Segment Reporting. Answer questions A & B.

Assignment # 4 (From Ch 6 Variable Costing and Segment Reporting) The following information relates to Vice Versa Ventures for calendar year 20XX, the company's first year of operations. Units produced 20,000 Units sold 17,000 Selling price per unit $35 Direct material per unit $5 Direct labor per unit $5 Variable manufacturing overhead per unit $2 Variable selling cost per unit $3 Annual fixed manufacturing overhead $160,000 Annual fixed selling and administrative expense $80,000 Required (a) Prepare an income statement using full costing. (b) Prepare an income statement using variable costing