3. XYZ Company produces a single product with the following information available. Evaluate and construct an Income statement using Variable Costing. (Marking Scheme: Unit Product Cost Computation - 3 Marks, Correct Preparation of Income statement 7 Marks) 20,000 units BHD 70 BHD 10 Number of Units Produced and Sold Annually Selling Price per unit Variable cost per unit: Direct Materials Direct Labor Selling & Administrative Expenses Fixed Costs per year: Manufacturing overhead Selling & Administrative Expenses BHD 7 BHD 2 BHD 120,000 BHD 50,000