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 $41 per shade $102,375 Fixed manufacturing costs Variable selling and administrative expenses $9 per shade Fixed selling and administrative expenses $250,900 $91 per shade Selling price Units produced 10,500 shades 8,500 shades Units sold (a) Assume the company uses normal costing and uses the budgeted volume of 9,750 units to allocate the fixed overhead rate rather than the actual production volume of 10,500 units. The company expenses production volume variance to cost of good: 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, eg. 15.25.) $ Manufacturing cost 51.5 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 0 decimal places.) ASIAN WINDOWS Income Statement-Normal Costing For the Year Ended December 31, 2020 $ Sales 773500 Cost of goods sold $ Beginning inventory Add Costs of goods manufactured Cost of goods sold Add Volume variance Gross margin Less Selling and administrative expenses $ Net income