Rey Company's single product sells at a price of $232 per unit Data for its single product for its first year of operations follow 23 36 per unit 44 per unit $ Direct materials Direct Labor Overhead costs Variable overhead Fixed overhead per year Selling and administrative expenses Variable Fixed Units produced and sold 5 8 per unit $ 255,000 per year 8 02:41 $ 34 per unit $ 232,000 per year 25,500 units eBook Hint 1. Prepare an income statement for the year using absorption costing 2. Prepare an income statement for the year using variable costing Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare an income statement for the year using absorption costing REY COMPANY Absorption Costing Income Statement 23 RA Run Prepare a income Matement for the year og barsting HEY COMEWNY in Costing Make sure | can see the entire answer or I'll have to dislike, thanks 23 574 AOS 40 v Trol Required 1 Required 2 Prepare an income statement for the year using variable costing. REY COMPANY Variable Costing Income Statement Fixed overhead costs Fixed selling and administrative costs Sales Variable overhead costs Variable selling and administrative expenses 0 0 Net Income (loss)