Rey Company's only product sells for $$221$ per unit. Data for its first year of operations follow.

$\backslash$table$[[$Direct materials,$$25$ per unit$],[$Direct labor,$$33$ per unit$],[$Variable overhead,$$11$ per unit$],[$Fixed overhead,$$325,000$ per year$],[$Variable selling and administrative expenses,$$23$ per unit$],[$Fixed selling and administrative expenses,$$210,000$ per year$],[$Units produced and sold,$25,000$ units$]]$

Prepare an income statement for the year using absorption costing

Prepare an income statement for the year using variable costing.

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Prepare an income statement for the year using absorption costing.

REY COMPANY

Income Statement $($Absorption Costing$)$