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Sims Company, a manufacturer of in-home decorative fountains, began operations on September 1 of the current year. Its cost and sales information for this vear follows Production costs Direct materials Direct labor Overhead costs for the year 40 per unit 60 per unit $4,200,000 $ 6,300,000 Variable overhead Fixed overhead Nonproduction costs for the year Variable selling and administrative Fixed selling and administrative $ 800,000 $4,500,000 Production and sales for the vear Units produced Units sold Sales price per unit 105.000 units 75,000 units 360 per unit 1. Prepare an income statement for the company using variable costing SIMS COMPANY Variable Costing Income Statement Sales $ 27,000,000 Less: Cost of goods sold Direct materials Direct labor Variable overhead Fixed overhead 3,000,000 4,500,000 3,000,000 4,500,000 15,000,000 Less: Variable costs Net income (loss)