HW6 (Chapter 19) 6 Saved m. Required information [The following information applies to the questions displayed below.] Part 3 of 3 first year of operations. The company produced 46,000 units and sold 38,000 units Cool Sky reports the following for at a price of $140 per unit. 30 points Direct materials Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses $ 60 per unit $ 22 per unit $ 8 per unit $ 552,000 per year $ 11 per unit $ 115,000 per year eBook 2b. Assume the company uses variable costing. Prepare its income statement for the year under variable costing. Hint Print Income Statement (Variable Costing) Sales Less: Variable expenses Variable cost of goods sold Variable selling and administrative expenses References Income