4 Rey Company's single product sells at a price of $218 per unit Data for its single product for its first year of operations follow $ $ 22 per unit 30 per unit Direct materials Direct labor Overhead costs Variable overhead Fixed overhead per year Selling and administrative expenses Variable Fixed Units produced and sold $ 8 per unit $ 220,000 per year $ 20 per unit $ 204,000 per year 22,000 units 1 Prepare an income statement for the year using absorption costing 2 Prepare an income statement for the year using variable costing Complete this question by entering your answers in the tabs below Required 1 Required 2 Prepare an income statement for the year using absorption costing REY COMPANY Absorption Costing Income Statement Rey Company's single product sells at a price of $218 per unit Data for its single product for its first year of operations follow $ $ 22 per unit 30 per unit Direct materials Direct labor Overhead costs Variable overhead Fixed overhead per year Selling and administrative expenses Variable Fixed Units produced and sold $ 8 per unit $ 220,000 per year $ 20 per unit $ 204,000 per year 22,000 units 1 Prepare an income statement for the year using absorption costing 2 Prepare an income statement for the year using variable costing Complete this question by entering your answers in the tabs below Required 1 Required 2 Prepare an income statement for the year using variable costing REY COMPANY Variable Costing Income Statement

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4 Rey Company's single product sells at a price of $218 per unit  Data for its single product for its first year of operations follow  $ $ 22 per unit 30 per unit Direct materials Direct labor Overhead costs Variable overhead Fixed overhead per year Selling and administrative expenses Variable Fixed Units produced and sold $ 8 per unit $ 220,000 per year $ 20 per unit $ 204,000 per year 22,000 units 1  Prepare an income statement for the year using absorption costing 2  Prepare an income statement for the year using variable costing  Complete this question by entering your answers in the tabs below  Required 1 Required 2 Prepare an income statement for the year using absorption costing  REY COMPANY Absorption Costing Income Statement Rey Company's single product sells at a price of $218 per unit  Data for its single product for its first year of operations follow  $ $ 22 per unit 30 per unit Direct materials Direct labor Overhead costs Variable overhead Fixed overhead per year Selling and administrative expenses Variable Fixed Units produced and sold $ 8 per unit $ 220,000 per year $ 20 per unit $ 204,000 per year 22,000 units 1  Prepare an income statement for the year using absorption costing 2  Prepare an income statement for the year using variable costing  Complete this question by entering your answers in the tabs below  Required 1 Required 2 Prepare an income statement for the year using variable costing  REY COMPANY Variable Costing Income Statement

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4 Rey Company's single product sells at a price of $218 per unit. Data for its single product for its first year of operations follow.

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