Check my work 4 Rey Company's single product sells at a price of $230 per unit. Data for its single product for its first year of operations follow. 0.83 points $ eBook Direct materials Direct labor Overhead costs Variable overhead Fixed overhead per year Selling and administrative expenses Variable Fixed Units produced and sold 34 per unit $ 42 per unit 10 per unit $ 318,000 per year $ 32 per unit $ 228,000 per year 26,500 units Hint Print References 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 Chapter 19 Exercise Saved Help Save & Exit Submit Check my work 4 Required 1 Required 2 Prepare an income statement for the year using absorption costing. 0.83 points REY COMPANY Absorption Costing Income Statement eBook Hint Print References Net income (loss) Required Required 2