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 operated at 100% of capacity during the first month. The following data summarize the results for July: Sales (14,000 units) Production costs (18,000 units): Direct materials Direct labor. Variable factory overhead Fixed factory overhead $1,065,600 511,200 255,600 $2,240,000 171,000 2,003,400 Selling and administrative expenses: Variable selling and administrative expenses. $310,500 120,200 430,700 Fixed selling and administrative expenses If required, round interim per-unit calculations to the nearest cent.