Question 1 of 3 > -/3 View Policies Current Attempt in Progress During 2020, Rafael Corp. produced 53,200 units and sold 47,880 for $17 per unit. Variable manufacturing costs were 57 per unit. Annual fixed manufacturing overhead was $95,760. Variable selling and administrative costs were 52 per unit sold, and fixed selling and administrative expenses were $18,900. (a) Prepare an absorption-costing income statement Rafael Corp. Income Statement-Absorption Costing For the Year Ended December 31, 2020 : Sales 904400 Variable costs Cost of goods sold Add : Selling and administrative expenses