Using the information presented in E10 1, prepare comparative income statements for March (a) under absorption costing and (b) under variable costing Direct Materials $200,000 Direct Labor $100,000 Variable factory overhead $80,000 Fixed factory overhead $60,000 Selling and administrative expenses $40,000 Units produced 25,000 Units sold 20,000 Selling price per unit $25

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Question: Using the information presented in E10-1, prepare comparative income statements for March (a) under absorption costing and (b) under variable costing. Direct Materials $200,000 Direct

Using the information presented in E10-1, prepare comparative income statements for March (a) under absorption costing and (b) under variable costing.

Direct Materials	$200,000
Direct Labor.	$100,000
Variable factory overhead..	$80,000
Fixed factory overhead...	$60,000
Selling and administrative expenses	$40,000
Units produced.	25,000
Units sold..	20,000
Selling price per unit...	$25

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