Selling price per unit is $68

Variable manufacturing costs per unit manufactured (includes direct materials [DM], direct labor [DL], and variable MOH) - $35

Variable operating expenses per unit sold - $3

Fixed manufacturing overhead (MOH) in total for the year - $126,000

Fixed operating expenses in total for the year - $93,000

Units manufactured and sold for the year - 9,000Prepare an income statement for upcoming year.

Income statement

Sales Revenue $ 612,000

Variable Overhead cost $ (315,000)

Fixed manufacturing overhead $ (126,000)

Gross Profit $ 171,000

Variable Operating expenses $ (27,000)

Fixed Operating expenses $ (93,000)

Net Income $ 51,000

Explanation:

Income statement

Sales Revenue (9,000 units * $ 68) $ 612,000

Variable Overhead cost (9,000 * $ 35) $ (315,000)

Fixed manufacturing overhead $ (126,000)

Gross Profit $ 171,000

Variable Operating expenses ($ 3 * 9000 units) $ (27,000)

Fixed Operating expenses $ (93,000)

Net Income $ 51,000