During 2020, Rafael Corp. produced 39,300 units and sold 39,300 for $15 per unit. Variable manufacturing costs were $7 per unit. Annual fixed manufacturing overhead was $78,600 ($2 per unit). Variable selling and administrative costs were $3 per unit sold, and fixed selling and administrative expenses were $19,500. Prepare a variable-costing income statement. Rafael Corp. Income Statement-Variable Costing For the Year Ended December 31, 2020 Sales $ 2400 Less Variable costs Fixed manufacturing overhead