Sales price per unit $47 Variable manufacturing costs per unit manufactured (DM, DL and variable MOH) $23 Variable operating expenses per unit sold $1 Fixed manufacturing overhead (MOH) in total for the year $322,000 Fixed operating expenses in total for the year $47,000 Units manufactured during the year 23,000 units Units sold during the year 18,000 units Coin 1. Prepare an income statement for the upcoming year using variable costing. Prepare an income statement for the upcoming year using absorption costing. What causes the difference in income between the two methods? 3. Gleason Manufacturing Contribution Margin Income Statement (Variable Costing) For the Year Ended December 31 es revenue $ 846,000 Variable expenses Variable cost of goods sold 414,000 Variable operating expenses 18,000 ITUUU LIITUNUIUIILU 414,000 Contribution margin Less: Fixed expenses Fixed manufacturing overhead 322,000 47,000 Fixed operating expenses Operating income 45,000 Requirement 2. Prepare an income statement for the upcomina vear usina absorption costina. Requirement 2. Prepare an income statement for the upcoming year using absorption costing. Gleason Manufacturing Income Statement (Absorption Costing) For the Year Ended December 31 Sales revenue 846,000 Less: Cost of goods sold Gross profit Gross profit Less: Operating expenses Operating income