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1a. 1b. please answer questions completely. O'Brien Company manufactures and sells one product. The following information pertains to each of the company's first three years

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1a.

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1b.

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please answer questions completely.

O'Brien Company manufactures and sells one product. The following information pertains to each of the company's first three years of operations: Variable costs per unit: Manufacturing: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expenses $ $ $ $ 30 15 6 3 $ 580,000 $160,000 During its first year of operations, O'Brien produced 98,000 units and sold 74,000 units. During its second year of operations, it produced 79,000 units and sold 98,000 units. In its third year, O'Brien produced 88,000 units and sold 83,000 units. The selling price of the company's product is $75 per unit. Compute the unit product cost for Year 1, Year 2, and Year 3. Unit Product Cost Year 1 Year 2 Year 3 Prepare an income statement for Year 1, Year 2, and Year 3. O'Brien Company Variable Costing Income Statement Year 1 Year 2 Year 3 Variable expenses. Total variable expenses Fixed expenses Fixed expenses Total fixed expenses

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