4. Kranbrack Corporation 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) Number of Units Produced and Sold Annually 40,000 units BHD 30 Selling Price per unit Variable cost per unit: Direct Materials BHD 7 Direct Labor BHD 4 Selling & Administrative Expenses BHD 3 Fixed Costs per year: Manufacturing overhead BHD 70,000 Selling & Administrative Expenses BHD 40,000