Check 2 Sims Company, a manufacturer of tablet computers, began operations on January 1, 2017. Its cost and sales information for this year follows Is 35 per unit 55 per unit eBook Manufacturing costs Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead Selling and administrative costs for the year Variable Fixed Production and sales for the year Units produced Units sold Sales price per unit $4,200,000 $6,300,000 $ 275,000 $4,000,000 105,000 units 75,000 units 350 per unit Hint Print 1. Prepare an income statement for the year using variable costing. 2. Prepare an income statement for the year using absorption costing 3. Under what circumstance(s) is reported income identical under both absorption costing and variable costing? eferences Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Prepare an income statement for the year using variable costing SIMS COMPANY Variable Costing Income Statement Sales Less: Variable costs Direct materials Check my work Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare an income statement for the year using absorption costing. SIMS COMPANY Absorption Costing Income Statement Not income (0)