O'Sullivan'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 variab

O'Sullivan's Products

Contribution Margin Income Statement $($Variable Costing$)$

For the Year Ended December $31$

Less:

Less:

More info

Selling price per unit is $$56$

Variable manufacturing costs per unit manufactured $($includes direct materials $[$DM$],$ direct labor $[$DL$],$ and variable MOH$)$ $$30$

Variable operating expenses per unit sold $$1$

Fixed manufacturing overhead $(MOH)$ in total for the year $$135,000$

Fixed operating expenses in total for the year $$85,000$

Units manufactured and sold for the year $9,000$ units