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Question Bahrain Manufacturing Company sells its products for $17 each. Budgeted and actual production is 25,000 units. Sales are 20,000 units. The following additional information is available: . Unit manufacturing costs are: . Direct materials $3.00; Direct manufacturing labor $4.50; . Variable manufacturing costs $2.25; I Total fixed manufacturing costs $90,000; Fixed marketing expenses $10,000; Marketing expenses $2.00 per unit sold; There is no beginning inventory; and Ending inventory is 5,000 units. REQUIRED: (a) Prepare an income statement using absorption costing. (b) Prepare an income statement using variable costing. (c) Explain the difference in income between variable and absorption costing. Click this link Template for Income Statement (Absorption and Variable Costing) and tuou should be able to save vour work in the excel 3 4 Bahrain Manufacturing Company sells its products for 517 each. Budgeted and actual production is 25,000 units. Sales are 20,000 units. There The following additional information is available. 5 Unit manufacturing costs are: Direct materials Direct manufacturing labor Variable manufacturing costs Total fixed manufacturing costs Fixed marketing expenses Marketing expenses $3.00 $4.50 $2.25 $90,000 $10,000 $2.00 per unit sold 6 There is no beginning inventory; and Ending inventory is 5,000 units. Required: 7 a) Prepare an income statement using absorption costing. 8 b) Prepare an income statement using variable costing. 9 c) Explain the difference in income between variable and absorption costing. I Sheet1 New... 9) Explain the difference in income betwees variable and absorption costing Bahrain Manufacturing Company 10 Bahrain Manufacturing Company Income Statement (Absorption Costing) Income Statement (Variable Costing) 11 12 13 15 19 16 Sheet1 New