Kenzi, a manufacturer of kayaks, began operations this year, During this year, the company produced 1,025 kayaks and sold 775 at a pace of $1,025 each. At year-end, the compary reported the following income statement information using absorption costing Additional Information o. Product cost per Kayak under absorption costing totals $400 which consists of $300 in directmatertas, direct labor, and variable overhead costs and $100 in fixed overthead cost Fored overhead of 5100 per unit is based on $102.500 of foed overthead per year divided by 1025 kayaks produced b. The $220.000 in selling and administrative expenses conshis of $95,000 that is variable and $125,000 that is fured Prepare an incomie statement for the current year under variable costing