The following information was collected for the first year of manufacturing for Appliance Apps: Direct Materials per Unit $2.25 Direct Labor per Unit $1.25 Variable Manufacturing Overhead per Unit $0.25 Variable Selling and Administration Expenses $1.50 Units Produced 40,000 Units Sold 35,000 Sales Price $13 Fixed Manufacturing Expenses $120,000 Fixed Selling and Administration Expenses $20,000 Prepare an income statement under variable costing method. I Appliance Apps Income Statement 99 eBook Print Item Appliance Apps Income Statement $