Sims Company, a manufacturer of tablet computers, began operations on January 1. 20 lts cost and sales information for this year follows. Manufacturing costs Direct materials 30 per unit Direct labor 50 per unit Overhead costs for the year Variable overhead $2,100,000 $8,400,000 Fixed overhead Selling and administrative costs for the year 700.000 Variable Fixed $4,500,000 Production and sales for the year Units produced 105,000 units 75.000 units Units sold Sales price per unit 350 per unit 1. Prepare an income statement for the year using variable costing SIMS COMPANY Variable Costing Income Statement Net income (loss)