O'Sullivan's Products manufactures a single product. Cost, sales, and production information for the company and its single product is as follows: i (Click the icon to view the data.) Read the requirements. Requirement 1. Prepare an income statement for the upcoming year using variable costing. O'Sullivan's Products Contribution Margin Income Statement (Variable Costing) For the Year Ended December 31 Less: Less: More info 1. 2. Selling price per unit is $62 Variable manufacturing costs per unit manufactured (includes direct materials [DM], direct labor [DL], and variable MOH) $40 Variable operating expenses per unit sold $4 Fixed manufacturing overhead (MOH) in total for the year $130,000 Fixed operating expenses in total for the year $85,000 Units manufactured and sold for the year 13,000 units Requirements Print Done - Prepare an income statement for the upcoming year using variable costing. Prepare an income statement for the upcoming year using absorption costing. X

(1) (Click the icon to view the data) Read the reaviemeists Requirement 1. Prepare an income statmment for the upcoering year ushog variable costhg o'Sullivan's Pynduete More info - Sellog price per unit is \&b? - Variable manufachaing costs per ura munutactures includes dirad matarials [DM] diect Lbor [OC] iod variable Motif 540 - Variablo operathg eupanses por unit sadd 34 - Foned manufacturing overtiead (Mot) in rocal for the yoar s1yo oea 1. Frod eporating expensen in tolal for the year 385,000 Requirements 1. Prepste an incoine statement for the upconing year using vaciable cosing 2. Prepare an income atatement for the upcoming yeir uning abacipobin conting