Reference no: EM132750524

Allen Manufacturing manufactures a single product.? Cost, sales, and production information for the company and its single product is as? follows:

• Sales price per unit $51
• Variable manufacturing costs per unit manufactured? (DM, DL and variable? MOH) $33
• Variable operating expenses per unit sold $1
• Fixed manufacturing overhead? (MOH) in total for the year $253,000
• Fixed operating expenses in total for the year $53,000
• Units manufactured during the year 23,000 units
• Units sold during the year 20,500 units

Problem 1: Whats the income statement for the upcoming year using variable costing.

Problem 2: whats the income statement for the upcoming year using absorption costing.