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Check m Exercise 6-5 Absorption costing and variable costing income statements LO P2 Company's single product sells at a price of $235 per unit Data for its single product for its first year of operations follow Direct materials Direct Labor Overhead costs 39 per unit 47 per unit Variable overhead Fixed overhead per year ssper unit S 168,908 per year Selling and adninistrative expenses Variable fixed 37 per unst 5 238,988 per year Units produced and sold 24,900 units 1. Prepare an income statement for the year using absorption costing 2 Prepare an income statement for the year using variable costing Complete this question by entering your answers in the tabs below Required Required 2 of