Exercise $19-5$ Absorption costing and variable costing income statements LO P$2$

Rey Company's single product sells at a price of $$217$ per unit. Data for its single product for its first year of operations follow.

Prepare an income statement for the year using absorption costing

Prepare an income statement for the year using variable costing.

Complete this question by entering your answers in the tabs below.

Required $1$

Prepare an income statement for the year using absorption costing.

$!!$ options for left hand rows are

Direct labor

Direct materials

Fixed overhead costs

Fixed selling and administrative costs

Sales

Variable overhead costs

Variable selling and administrative expenses

please complete variable costing income statement aswell