Transcribed image text: Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates A14 X f x Selling and administrative expenses: 1 See Absorption vs Variable Costing Daily Activity 3 Rainbow Concrete Corporation has provided the following data for its two most recent years of operation Selling price per unit 8 10 12 13 14 15 16 Manufacturing oss: Variable manufacturing cost per unit produced Direct materiais Direct labor Variable manufacturing overhead Fwed mandaluring overhead per year Selling and administrative expenses W Variable selling and administrative expense per unit sold Fhed selling and administrative expense per yes 360.000 ! 74,000 19 20 21 22 Units in beginning inventory Units produced during the year Units sold during the year Unitsin ending inventory 15.000 10,000 5000 12.000 15.000 Complete through Assume the company resorption conting Compute the unto co Year 1 SBNNNN Prepare an income statement for each you Ready I 1 2 3 4 5 6 X f x selling and administrative expenses: the com e cost Computer product coinch year 09999996 cing the var ng and b o osting in 3 4 5 6 o WERT