Allen Manufacturing manufactures a single product. Cost, sales, and production information for the company and its single product is as follows:

i$.($Click the icon to view the data.$)$

Read the requirements.

Contribution Margin Income Statement $($Variable Costing$)$

For the Year Ended December $31$

Requirement $2.$ Prepare an income statement for the upcoming year using absorption costing.

Allen Manufacturing

Income Statement $($Absorption Costing$)$

For the Year Ended December $31$

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$,$ Sales price per unit $$53$

$,$ Variable manufacturing costs per unit manufactured $($DM$,$ DL and

variable MOH

Variable operating expenses per unit sold $$3$

Fixed manufacturing overhead $(MOH)$ in total for the year $$209,000$

Fixed operating expenses in total for the year $$48,000$

Units manufactured during the year $19,000$ units

Units sold during the year $14,000$ units