[fustrated]

There was no finished goods inventory on July 1, 2008, for Royal Essentials. The company operated the manufacturing facility at 100% of capacity during July. The following data summarize the results for Royal Essentials Inc. for July
Sales (1,350 cases X $80 per case) $180,000
Production costs (1,500 cases):
Direct materials $18,000
Direct Labor 7,500
Variable factory overhead 150
Fixed factory overhead 14,100 39,750

Variable selling expenses ( 1,350 cases X $16 per case) 21,600

Instructions:
1.) Prepare an income statement according to the absorption costing concept.
2.) Prepare an income statement according to the variable costing concept.



Income Statement, absorption costing concept
Sales... 108,000
Cost of goods sold:
cost of goods manufactured... 39,750
less inventory... 0
cost of goods sold... 39,750
gross profit... 68,250
selling expenses... 21,600
income from operations... 46,650


Income Statement, Variable Costing concept

Sales... 108,000
Variable Cost of goods sold:
Variable cost of goods manufactured... 25,650
less inventory... 0
Variable cost of goods sold... 25,650
Manufacturing Margin... 82,350
Variable selling expenses... 21,600
Contribution margin... 60,750
Fixed Costs:
Fixed factory overhead Cost... 14,100
Fixed selling expenses... 0... 14,100
Income from operations... 46,650

Are these Income statements correct? If not please show me.
Thank you,