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 (10,000 units) Production costs (13,000 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead $721,500 $1,500,000 345,800 172,900 115,700 1,355,900 Selling and administrative expenses: Variable selling and administrative expenses $210,200 Fixed selling and administrative expenses 81,400 291,600 If required, round interim per-unit calculations to the nearest cent.