Rey Company’s single product sells at a price of $232 per unit. Data for its single product for its first year of operations follow. Direct materials $ 36 per unit Direct labor $ 44 per unit Overhead costs Variable overhead $ 8 per unit Fixed overhead per year $ 255,000 per year Selling and administrative expenses Variable $ 34 per unit Fixed $ 232,000 per year Units produced and sold 25,500 units 1. Prepare an income statement for the year using absorption costing 2. Prepare an income statement for the year using variable costing.

Kendra knight took part in a friendly game of touch football. she had played before and was familiar with football. michael jewett was on her team. in the course of play, michael bumped into kendra and knocked her to the ground. he stepped on her hand, causing injury to a little finger that later required its amputation. she sued michael for damages. he defended on the ground that she had assumed the risk. kendra claimed that assumption of risk could not be raised as a defense because the state legislature had adopted the standard of comparative negligence. what happens if contributory negligence applies? what happens if the defense of comparative negligence applies?