Question 1 (5 points) Saved During 2020 EKP Ltd. produced 40,000 units and sold 30,000 for $15 per unit Variable manufacturing costs were $7 per unit. Annual fixed manufacturing overhead was $40,000 ($1 per unit). Variable selling and administrative costs were $2 per unit sold, and fixed selling and administrative costs were $70,000. Instructions Prepare a variable-costing income statement