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O'Mally's Products manufactures a single product. Cost, sales, and production information for the comparny and its single product is as follows: 1. (Click the icon to view the data.) Read the requirements. Requirement 1. Prepare an income statement for the upcoming year using variable costing. More info - Selling price per unit is $55 - Variable manufacturing costs per unit manufactured (includes direct materials [DM], direct labor [DL], and variable MOH ) $29 - Variable operating expenses per unit sold $5 - Fixed manufacturing overhead (MOH) in total for the year $81,000 - Fixed operating expenses in total for the year $85,000 - Units manufactured and sold for the year 9,000 units