Following is selected data for the year ended December 31, 2020 for Fabio Manufacturing Inc. Selling price: $30.00 per unit Units produced 308,700; sold 270,700; beginning inventory zero Variable unit costs: Manufacturing $20.80 (direct materials $10.00, direct labour $6.40, and variable overhead $4.40); Selling and administrative expenses $5.50 Fixed costs: Manufacturing overhead $469,365, based on a budgeted volume of 323,700 units Selling and administrative expenses $541,500 The company expenses production volume variances to cost of goods sold in the accounting period in which they occur. Prepare a normal-costing income statement for 2020. (Round per unit calculations to 2 decimal places, ..15.25 and final answers to Fabio Manufacturing Inc. Income Statement decimal places, ... 3.275. Absorption Costing Using Normal Costing LINK TO TEXT