! Required information [The following information applies to the questions displayed below.] Cool Sky reports the following for its first year of operations. The company produced 44,000 units and sold 36,000 units at a price of $140 per unit. Direct materials Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses Income $ 60 per unit $ 22 per unit $8 per unit 2b. Assume the company uses variable costing. Prepare its income statement for the year under variable costing. Income Statement (Variable Costing) $ 528,000 per year $10 per unit $ 120,000 per year

Required information [The following information applies to the questions displayed below] Cool Siky reports the following for its first year of operations. The company produced 44,000 units and sold 36,000 units at a price of $140 per unit. 2b. Assume the company uses variable costing. Prepare its income statement for the year under variable costing