Current Attempt in Progress Jackson Company produces plastic that is used for injection-molding applications such as gears for small motors. In 2019, the first year of operations, Jackson produced 5,200 tons of plastic and sold 4,030 tons. In 2020 , the production and sales results were exactly reversed. In each year, the selling price per ton was $2,300, variable manufacturing costs were 17% of the sales price of units produced, variable selling expenses were 8% of the selling price of units sold, fixed manufacturing costs were $3,640,000, and fixed administrative expenses were $460,000. lestion 4 of 4 Income Statement For the Year Ended December 31, 2019 Variable Costing Sales Variable Cost of Goods Sold Ifiventory, January 1 Variable Costs of Goods Manufactured Variable Costs of Goods Available for Sale Inventory, December 31 Variable Cost of Goods Sold Variable Selling Expenses Contribution Margin Fixed Manufacturing Overhead Fixed Administrative Expenses MacBook Pro 19 Graded Question 4 of 4 Sales $9269000 Variable Cost of Goods Sold Inventory, January 1 Variable Costs of Goods Available for Sale v Inventory, December 31 Variable Cost of Goods Sold Variable Selling Expenses Contribution Margin Fixed Manufacturing Overhead Fixed Administrative Expenses \begin{tabular}{|r|r|} \hline 460000 & 1 \\ \hline \end{tabular} Net incomer(Loss) Current Attempt in Progress Jackson Company produces plastic that is used for injection-molding applications such as gears for small motors. In 2019, the first year of operations, Jackson produced 5,200 tons of plastic and sold 4,030 tons. In 2020 , the production and sales results were exactly reversed. In each year, the selling price per ton was $2,300, variable manufacturing costs were 17% of the sales price of units produced, variable selling expenses were 8% of the selling price of units sold, fixed manufacturing costs were $3,640,000, and fixed administrative expenses were $460,000. lestion 4 of 4 Income Statement For the Year Ended December 31, 2019 Variable Costing Sales Variable Cost of Goods Sold Ifiventory, January 1 Variable Costs of Goods Manufactured Variable Costs of Goods Available for Sale Inventory, December 31 Variable Cost of Goods Sold Variable Selling Expenses Contribution Margin Fixed Manufacturing Overhead Fixed Administrative Expenses MacBook Pro 19 Graded Question 4 of 4 Sales $9269000 Variable Cost of Goods Sold Inventory, January 1 Variable Costs of Goods Available for Sale v Inventory, December 31 Variable Cost of Goods Sold Variable Selling Expenses Contribution Margin Fixed Manufacturing Overhead Fixed Administrative Expenses \begin{tabular}{|r|r|} \hline 460000 & 1 \\ \hline \end{tabular} Net incomer(Loss)