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In: AccountingCant find the Normal Volume and NewBusiness for DirectMaterials, Direct Labor and Variable overhead, Contribution...Cant find the Normal Volume and NewBusiness for DirectMaterials, Direct Labor and Variable overhead, Contribution MarginalsoJones Products manufactures and sells to wholesalersapproximately 200,000 packages per year of underwater markers at$3.88 per package. Annual costs for the production and sale of thisquantity are shown in the table.Direct materials$256,000Direct labor64,000Overhead192,000Selling expenses80,000Administrative expenses53,000Total costs and expenses$645,000A new wholesaler has offered to buy 33,000 packages for $3.31 each.These markers would be marketed under the wholesaler’s name andwould not affect Jones Products’ sales through its normal channels.A study of the costs of this additional business reveals thefollowing:Direct materials costs are 100% variable.Per unit direct labor costs for the additional units would be50% higher than normal because their production would requireovertime pay at 1½ times the usual labor rate.30% of the normal annual overhead costs are fixed at anyproduction level from 150,000 to 300,000 units. The remaining 70%of the annual overhead cost is variable with volume.Accepting the new business would involve no additional sellingexpenses.Accepting the new business would increase administrativeexpenses by a $4,000 fixed amount.Required:Complete the three-column comparative income statement that showsthe following (Round your intermediate calculations and perunit cost answers to 3 decimals)1. Annual operating income without the specialorder.2. Annual operating income received from the newbusiness only.3. Combined annual operating income from normalbusiness and the new business.