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newconnectmneducation.com Chapter 6 Saved Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: 280 265 15 Direct materials Direct labor Variable manufacturing overhead variable selling and administrative $ 150 $ 370 $45 30 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative s 70,000 30,000 The absorption costing income statement prepared by the company's acco Sales Cost of goods sold Gross margin Selling and administrative expense Net operating income 259,700 215,975 43,725 37,950 $ 5,775 Required: 1. Under absorption costing, how much fixed manufacturing overhead cos year? 2. Prepare an income statement for last year using variable costing. Prev 2of 10