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2 2 Sims Company, a manufacturer of tablet computers, began operations on January 1, 2019. Its cost and sales information for this year follows.
2 2 Sims Company, a manufacturer of tablet computers, began operations on January 1, 2019. Its cost and sales information for this year follows. points Skipped Manufacturing costs Direct materials Direct labor Overhead costs Variable es es $ 35 per unit $ 55 per unit $ 20 per unit Fixed (per $8,000,000 eBook year) Hint Selling and administrative costs for the year Variable $ 800,000 Fixed $5,000,000 Print Production and sales for the year Units produced 100,000 units References Units sold Sales price per unit 70,000 units 360 per unit 1. Prepare an income statement for the year using variable costing. 2. Prepare an income statement for the year using absorption costing. $
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