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  3. oratferty's products manufactures a single product

ORatferty's Products manufactures a single product. Cost, sales, and production inforenation for the company and...

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ORatferty's Products manufactures a single product. Cost, sales, and production inforenation for the company and its single product is as follows: Yew the data. Read the reauirments. Requirement 1. Prepare an income statement for the upcoming year using variable costing. Requirement 2. Prepare an income statement for the upcoming yewr using absorption costing - Selling price per unit is $55 - Variable manufacturing costs per unit manufactured (includes direct materials [DM], direct labor [DL], and variable MOH ) $29 - Variable operating expenses per unit sold $5 - Fixed manufacturing overhead (MOH) in total for the year $156,000 - Fixed operating expenses in total for the year $85,000 - Units manufactured and sold for the year 12,000 units Requirements 1. Prepare an income statement for the upcoming year using variable costing. 2. Prepare an income statement for the upcoming year using absorption costing

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