TASK 8 - Variable and Absorption Costing Income Statements The records for Anderjak Corporation contain the following information for the month of January: Actual Production units 100,000 Sales in units 80,000 Sales price per unit $30 Variable manufacturing cost per unit $14 Variable selling expense per unit $2 Fixed manufacturing cost $315,000 Fixed selling expenses $100,000 Required: 1. Set up a separate worksheet for the data and enter in as above. 2. Prepare an income statement (using variable costing) for the month of January. 3. Prepare an income statement (using absorption costing) for the month of January. 4. Prepare a reconciliation statement to reconcile the differences between the absorption and variable costing net incomes Important! Your final workbook (spreadsheet) when ready to submit should include the following sheets: Data . Variable Costing Income Statement . Absorption Costing Income Statement Reconciliation of absorption and variable net income