+ cation.com.252Fimgmidda52F e 6 Home 10 Problem 6.1A (Static) Variable costing income statement for two consecutive years LO P2 Dowed Company produces a single product is income statements under absorption costing for its first two years of operation follow Sant Castle o proti 10,000 . . 1, 110.000 170,000 Additional Information es and production data for these two years follow Unte Chitro its 3. 2. 4. b. Vouble costs per unit and feed costs per year are unchanged during these years. The company's 531 per un product cost using absorption costing costs of the following bet tas Orect Varahi duhese www.7.000 Total Product cater wit celing and administrative expenses consist of the following Writive. S. . Hinderat 1, 10 Tora! 3.10. 5220.00 Required Preowe income statements for each of these two years under varie costing Loss amounts should be entered with a minus sign) Type here to wa O 0 SAMSUNG Question 10-C 6 Home X + somheducation.com/et/map/indechtml?con.conBexternal browserstaunchUdehttps%253A%252F%252Fims.mheducation.com%25 M male Saved mework $ 5 Direct ateriats Direct Labor Variable overhead Fixed overhead (5.300,000/30,000 units) Total product cost per unit 2 10 $ 31 c. Selling and administrative expenses consist of the following Selling and Administrative Expenses Variable selling and administrative (52.50 per unit sold) Fixed selling and administrative Total Year 550,000 120.000 $ 170,000 Year 2 3100,000 220,00 $ 220,000 Required: Prepare income statements for each of these two years under variable costing (Loss amounts should be entered with DOWELL Company Income Statements (Variable Costing! Yeart Year Fixed overhead Fixed selling and administrative expenses Sales Variable cost of goods sold Income Type here to wa O 0 SAMSUNG Question 10-C 6 Home X + somheducation.com/et/map/indechtml?con.conBexternal browserstaunchUdehttps%253A%252F%252Fims.mheducation.com%25 M male Saved mework $ 5 Direct ateriats Direct Labor Variable overhead Fixed overhead (5.300,000/30,000 units) Total product cost per unit 2 10 $ 31 c. Selling and administrative expenses consist of the following Selling and Administrative Expenses Variable selling and administrative (52.50 per unit sold) Fixed selling and administrative Total Year 550,000 120.000 $ 170,000 Year 2 3100,000 220,00 $ 220,000 Required: Prepare income statements for each of these two years under variable costing (Loss amounts should be entered with DOWELL Company Income Statements (Variable Costing! Yeart Year Fixed overhead Fixed selling and administrative expenses Sales Variable cost of goods sold Income