eBook Show Me How Income Statements under Absorption Costing and Variable Costing Gallatin County Motors Inc. assembles and sells snowmobile engines. The company began operations on July 1 and opera Sales (12,500 units) Production costs (16,000 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead $1,875,000 $888,000 425,600 212,800 142,400 1,668,800 Selling and administrative expenses: Variable selling and administrative expenses $258,700 Fixed selling and administrative expenses 100,100 358,800 If required, round interim per-unit calculations to the nearest cent. a. Prepare an income statement according to the absorption costing concent