K O'Shea's Products manufactures a single product. Cost, sales, and production information for the company and its single product is as follows: (Click the icon to view the data.) Read the requirements. Requirement 1. Prepare an income statement for the upcoming year using variable costing. O'Shea's Products Contribution Margin Income Statement (Variable Costing) For the Year Ended December 31 Sales revenue Less: Variable expenses Variable cost of goods sold Variable operating expenses Contribution margin Less: Fixed expenses Fixed manufacturing overhead Fixed operating expenses Operating income 99000 92000 More info . . Selling price per unit is $59 Variable manufacturing costs per unit manufactured (includes direct materials [DM], direct labor [DL], and variable MOH) $32 Variable operating expenses per unit sold $2 Fixed manufacturing overhead (MOH) in total for the year $99,000 Fixed operating expenses in total for the year $92,000 Units manufactured and sold for the year 11,000 units Print Done - X U

OShears Products manclactures a single product Cost, sales, and production intormation flor the company and is single product is as follows (9) (Clok the icon to view the data) Read the coulremonts Requirement 1. Prepare an income stalement for the upcoming year using variable costing More info - Seling price per unit is 550 - Variatile manufacturing costs per unit manufactured (includes direct matenals (DM], direct laber [DL), and variable MOH) \$32 - Variable operaling expenses per unt sold 52 - Fored manulacturing overhead (MOH) in tolal for the year $99,000 - Foxed operating expenses in tocal for the year $92,000 - Unds manclactured and sold for the year 11,000 units