AJ Manufacturing Company incurred $58,500 of fixed product cost and $46,800 of variable product cost during its first year of operation. Also during its first year, AJ incurred $18,550 of fixed and $14,700 of variable selling and administrative costs. The company sold all of the units it produced for $194,000. AJ MANUFACTURING COMPANY Income Statement Require Cost of goods sold Fixed cost Revenue Selling and administrative AJ MANUFACTURING COMPANY Income Statement Cost of goods sold Fixed cost Revenue Selling and administrative