Variable vs Absorption Costing Select data about JackJoe, Inc. is provided below (please select a Fixed Factory Overhead value between $95.000 and $199,000): 1. Create a variable and absorption income statement based on selling all of the units produced (5 points each, 10 total). 2. Compute the breakeven selling price per unit at 100k units sold (5 points). 3. If JackJoe only sold half the production, which income statement would report higher net income? (5 points). You may use electronic spreadsheets for calculation purposes, but please upload a pdf of your handwritten work. Direct materials per unit $2 Direct labor per unit $1.50 Overhead: Variable per unit $3 Fixed Overhead $X ($95k to $199k) SG&A Variable per unit $1.00 Fixed SG&A $45,000 Units produced 100,000 Sales price per unit $10