Selling price per unit is $65
	Variable manufacturing costs per unit manufactured (includes direct materials [DM], direct labor [DL], and variable MOH) $31
	Variable operating expenses per unit sold $2
	Fixed manufacturing overhead (MOH) in total for the year $208,000
	Fixed operating expenses in total for the year $89,000
	Units manufactured and sold for the year 13,000 units

Dalton's Products
Contribution Margin Income Statement (Variable Costing)
For the Year Ended December 31
Less:
Less:

Requirement 2. Prepare an income statement for the upcoming year using absorption costing.

Dalton's Products
Income Statement (Absorption Costing)
For the Year Ended December 31
Less:
Less: