Cool sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 40,000 units and sold 32,000 units at a price of $130 per unit At the end of the blue chart it asks for net income (loss)

9 Manufacturing costs Direct materials per unit 54 Direct labor per unit 20 Variable overhead per unit 6 Fixed overhead for the year $ 440,000 Part 4 of 4 Selling and administrative costs Variable selling and administrative cost per unit 10 Fixed selling and administrative cost per year $ 100, 000 3 points 2b. Assume the company uses variable costing. Prepare its income statement for the year under variable costing. eBook COOL SKY Hint Variable Costing Income Statement Print Mc