During 2013, Life works Inc. Had $10,000 in sales commission, $2,000 in administrative costs of which $800 is fixed. Their selling price per unit was $45. direct materials was $10. direct labor $7. and variable overhead was $3.50. fixed overhead amounted to $7,500. - Prepare an income statement under absorption and variable costing. if : 1. Sold unit 8,500 and produced unit 8,500 2. Sold unit 7,000 and produced unit 8,500 3. Sold unit 10,000 and produced unit 8,500