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 (8,500 units) Production costs (11,000 units): Direct materials Direct labor Variable factory overhead $1,105,000 $529,100 254,100 126,500 84,700 994,400 Fixed factory overhead Selling and administrative expenses: Variable selling and administrative expenses $154,100 Fixed selling and administrative expenses 59,700 213,800 If required, round interim per-unit calculations to the nearest cent.