The following data relate to Strong Company Limited for three years: You are required to prepare income statements for three years individually and collectively under absorption costing and variable...

The following data relate to Strong Company Limited for three years:

You are required to prepare income statements for three years individually and collectively under absorption costing and variable costing methods, assuming that actual costs are in conformity with budgeted costs. You are also required to account for difference, if any, in the result report under the two methods.