Ch 06 Ex 6-5 6 Exercise 06-5 Absorption costing and variable costing income statements LO P2 4 Rey Company's single product sells at a price of $229 per unit. Data for its single product for its first year of operations follow. points 33 per unit 41 per unit Direct materials Direct labor Overhead costs Variable overhead Fixed overhead per year Selling and administrative expenses Variable Fixed Units produced and sold AA AA eBook 11 per unit $ 351,000 per year Hint 31 per unit $ 226,000 per year 27,000 units Ask 1. Prepare an income statement for the year using absorption costing 2. Prepare an income statement for the year using variable costing. Print Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Prepare an income statement for the year using absorption costing. REY COMPANY Absorption Costing Income Statement Net income (loss) Required 1 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare an income statement for the year using variable costing. REY COMPANY Variable Costing Income Statement Net income (loss)