15 Prepare income statements using variable costing and absorption costing with no change in inventory levels (Learning Objective 6) O'Neills Products manufactures a single product. Cost, sales, and production information for the company and its single product is as follows: .Selling price per unit is $65 56- DM) Variable manufacturing costs per unit manufactured (includes direct materials direct labor [DLL and variable MOH) $35 Variable operating expenses per unit sold $2