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Yale Company manufactures hair brushes that sell at wholesaie for $3 per unit. The company had no beginning inventory in the prior year. These dato summarize the current and prior year operations: Required: 1. Prepare an income statement for each year based on full costing. 2. Prepare an income statement for each year based on variable costing. 3. Prepare a reconciliation of the difference each year in the operating income resulting from using the full costing method and variable costing method. Complete this question by entering your answers in the tabs below. Prepare an income statement for each year based on full costing. (Enter your answers in thousands of dollars.) 1. Prepare an income statement for each year based on full costing. 2. Prepare an income statement for each year based on variable costing. 3. Prepare a reconciliation of the difference each year in the operating income resulting from using the full costing method and variable costing method. Complete this question by entering your answers in the tabs below. Prepare an income statement for each year based on full costing. (Enter your answers in thousands A-doliars.) Complete this question by entering your answers in the tabs below. Prepare ab income stetement for esch year based on varbble costing (Enter vouf ariswers in thousands of doblars.) Yale Company manutactutes hair brishes that sell at wholesale for $3 per unit. The company had no beginning inventory in the prior year. These data summarize the curtent and prior year operations. Required: 1. Prepare on income statement for each year based on full costing. 2. Prepare an income statement for each year based on variable costing. 3. Prepare a reconclilation of the difference each year in the operating income resulting from using the full costing method and variable costing method. Complete this question by entering your answers in the tabs below. Prepare a reconcliation of the difference each year in the operating income resuling from using the full costing method and variabie costing method. (Negstive amounts sheuld be indicated by a minus sign. Round your 'foxed overhead rate' answers to 2 decimal ptaces: enter vour answers in thousands of dollars.)

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