Help Sav Sims Company, a manufacturer of tablet computers, began operations on January 1, 2017. ts cost and sales information for this year Sims Company, a manufacturer of tablet computers, began operations on January 1, 2017 sales information Direct mnaterials Direct labor 35 per unit 55 per unit 13 Overhead costa for the year Variable overhead P ixed $2,200,000 $8, 800,000 or the Pixed Production and sales for the year s 750,000 $4,250,000 Units sold Sales price per unit 110,000 units 80,000 units 350 per unit 1. Prepare an income statement for the year using variable costing. 2. Prepare an income statement for the year using absorption costing. 3. Under what circumstance(s) is reported income identical under both absorption costing and variable costing? Complete this question by entering your answers in the tabs below