Heading the AdBloce como Absorption versus variable costing. Zee PLC manufacturers cycles and began operations in 2017. For 2017, Zee budgeted to produce and sell 20.000 units. The company had no price. spending, or efficiency variances and writes off production-volume variance to cost of goods sold. Actual data for 2017 are given as follows: Units produces 18.000 Units sold Selling price Variable costs: Manufacturing cost per unit produced: Direct materials 17500 450 Direct manufacturing labor Manufacturing overhead Marketing cost per unit sold Fixed Costs: Manufacturing costs 1,200,000 Administrative costs 965.450 Marketing 1,366.400 Required: 1. Prepare a 2017 income statement for Zee Company using variable costing. 2. Prepare a 2017 income statement for Zee Company using absorption costing