Requirement 2. Prepare an income statement for the upcoming year using absorption costing O'Rafferty's Products Income Statement (Absorption Costing) For the Year Ended December 31 . . Selling price per unit is $59 Variable manufacturing costs per unit manufactured (includes direct materials [DM], direct labor [DL), and variable MOH) $35 Variable operating expenses per unit sold $2 Fixed manufacturing overhead (MOH) in total for the year $110,000 Fixed operating expenses in total for the year $86,000 Units manufactured and sold for the year 11,000 units Less Look Print Done