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:
William James
An American philosopher and psychologist, often referred to as the "Father of American psychology," known for his work in pragmatism and functionalism.
Psychology
The scientific study of the mind and behavior, encompassing various aspects of conscious and unconscious experience as well as thought and brain functions.
Wilhelm Wundt
A German psychologist who is considered the father of experimental psychology; he established the first psychology laboratory.
Research Method
Systematic procedures or strategies used by scientists and scholars to gather, analyze, and interpret data in order to draw conclusions or solve problems.
Q22: Managers in service firms do not find
Q33: work centers for processing in a just-in-time
Q56: Plots only the difference between total sales
Q74: costs incurred in a previous process that
Q76: Costs that remain constant in total dollar
Q97: Which of the following is not a
Q114: What term is commonly used to describe
Q128: Which of the graphs in Figure 21-1
Q172: The journal entry to record the flow
Q188: Remain the same in total dollar amount