A company produced and sold 6,800 units at a price of $265 per unit in its first year of operations. Its fixed costs include overhead of $272,000 per year, and selling and administrative expenses of $168,000 per year. Variable costs per unit follow. Direct materials Direct labor Variable overhead Variable selling and administrative expenses Income Enter answers in the tabs below. Required 1 Required 2 Using variable costing, prepare an income statement for the year. Income Statement (Variable Costing) 2 of 10 Next >

A company produced and sold 6.800 units at a price of 5265 per unit in its first year of operations. is fored costs include overtiesd ot $272,000 per year, and selling and administrative expenses of $168,000 per year. Variable costs per unit follow. Enter answers in the tabs below. Using variable costing, prepare an income statement for the year. Enter answers in the tabs below. Using absorption costing, prepare an income statement for the year