Dowell company produces a single product. It's income statements under absorption costing for its first two years of operation follow

Required information The following information applies to the questions displayed below. Dowell Company produces a single product. lts income statements under absorption costing for its first two years of operation follow. Sales ($46 per unit) Cost of goode sold ($31 per unit) Gross nargin Selling and administrative expenses Net income 1.150,000 $2,070-000 75,000 1.395,000 675,000 375,000 $ 72 500$ 322.500 a. Sales and production data for these first two years follow Units produced Units sold 5.000 35,000 25,000 45,000 b. Variable cost per unit and total fixed costs are unchanged during 2016 and 2017. The companys $31 per unit Prev 1 2 of 2 Noxt 5 0 0 Nl