The following data are available from the accounting records of Willow Creek Co. for the month ended May 31. During the accounting period, 17,000 units were manufactured and sold at a price of $60 per unit. There were no beginning inventories, and all units were completed no work in process). 
Selling and administrative expenses: 
a) Prepare a variable costing income statement.
b) Prepare an absorption costing income statement.
Definitions:
Q66: typically used by companies that make custom
Q70: Budgets are normally used only by profit-making
Q81: May be used in a manufacturing company.<br>A)Absorption
Q92: The following data relate to direct labor
Q97: Osprey Cycles, Inc. projected sales of 75,000
Q110: Alexandra Company's Molding Department opened on July
Q142: The direct labor and overhead costs of
Q146: Detailed supplemental schedules based on department responsibility
Q156: Explain the concept of equivalent units. Give
Q189: The point where the profit line intersects