Asian Windows manufactures a hand-painted bamboo window shade for standard-size windows. Production and sales data for 2020 are as follows: Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses Selling price Units produced Units sold $40 per shade $87,720 $9 per shade $250,600 $96 per shade 10,200 shades 8,630 shades (a) Your answer is partially correct. Try again. Assume the company uses normal costing and uses the budgeted volume of 8,600 units to allocate the fixed overhead rate rather than the actual production volume of 10,200 units. The company expenses production volume variance to cost of goods sold in the accounting period in which it occurs. Do the following: 1. Calculate the manufacturing cost per unit. (Round answer to 2 decimal places, e.g. 15.25.) Manufacturing cost 50.20 per unit 2. Prepare a normal-costing income statement for 2020. (Round per unit calculations to 2 decimal places, e.g. 15.25 and final answers to o decimal places.) ASIAN WINDOWS Income Statement-Normal Costing For the Year Ended December 31, 2020 Sales Cost of goods sold Beginning inventory Add Volume variance 2. Prepare a normal-costing income statement for 2020. (Round per unit calculations to 2 decimal places, e.g. 15.25 and final answers to o decimal places.) ASIAN WINDOWS Income Statement-Normal Costing For the Year Ended December 31, 2020 Sales Cost of goods sold Beginning inventory Add Volume variance Goods available for sale Less Volume variance Costs of goods manufactured Less Selling and administrative expenses Gross margin Less Selling and administrative expenses Net income