Jasper Company provided the following information for last year:

Costs	Amount
Sales in units	280,000
Selling price	$12
Direct materials	$180,000
Direct labor	$505,000
Manufacturing overhead	$110,000
Selling expense	$437,000
Administrative expense	$854,000

Last year, beginning and ending inventories of work in process and finished goods equaled zero.

	Required:
1.	Prepare an income statement for Jasper for last year. Calculate the percentage of sales for each line item on the income statement. Round percentages to the nearest tenth of a percent.
2.	CONCEPTUAL CONNECTION: Briefly explain how a manager could use the income statement created for Requirement 1 to better control costs.