10:43 Discon Corporation manufactures a popular doll called Teardrops. Last year the company started with 11,900 dolls, produced 300,000 dolls, and ended the year with 9,900 dolls. Each doll was sold for $24. The actual unit cost for Teardrops is given below Direct material Direct labour variable overhead Fixed overhead Total unit cost $2.85 0.70 3.20 9.25 $16.00 The only selling expenses were a commission of $2 per unit sold and advertising amounting to $369,000. Administrative expenses, all fixed, equalled $289.000. There were no beginning and ending work-in-process inventories. Required: 1. Prepare an income statement. Discon Corporation Income Statement For the Year Ended December 31, XXXX Seling and administrative expenses 0 2. Calculate the following per unit costs: (Round your answers to 2 decimal places.) a. Prime cost b. Conversion cost c Variable cost Prev 15 of 15 Next