rez Company began operations this year. During this year, the company produced 100,000 units and sold 80,000 units. The bsorption costing income statement for this year follows. Additional Informotion a. Seling and administrative expenses consist of $450,000 in annual fixed expenses and $2 per unit in variable seling and administrative expenses. b. The company's product cost of $25 per unit consists of the following. Requlred: Prepare an Income statement for the company under varlable costing