Question: Please post income statements for both 2016 and 2017 using absorption costing Jackson Company produces plastic that is used for injection-molding applications such as gears

Please post income statements for both 2016 and 2017 using absorption costing  Please post income statements for both 2016 and 2017 using absorption
costing Jackson Company produces plastic that is used for injection-molding applications such

Jackson Company produces plastic that is used for injection-molding applications such as gears for small motors. In 2016, the first year of operations, Jackson produced 4,000 tons of plastic and sold 3,500 tons. In 2017, the production and sales results were exactly reversed. In each year, the selling price per ton was $2,000, variable manufacturing costs were 15% of the sales price of units produc ed, variable selling expenses were 10% of the selling price of units sold, fixed manufacturing costs were $2,800,000, and fixed administrative expenses were $500,000

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