eBook Print Item The following information was collected for the first year of manufacturing for Direct Materials per Unit $2.50 Direct Labor per Unit $1.25 Variable Manufacturing Overhead per Unit Variable Selling and Administration Expenses $0.25 $1.50 Units Produced 41,000 Units Sold 36,000 Sales Price $13 Fixed Manufacturing Expenses $123,000 Fixed Selling and Administration Expenses $20,000 Prepare an income statement under variable costing method. Prepare a reconciliation to the income under the absorption method. Appliance Apps Reconciliation Net Income under Variable Costing 127,000 Add: Fixed Manufacturing Overhead Deferred 15,000.00 Net Income under Absorption Costing Check My Work All work saved