The Hame Company manufactures trendy, gd king, moderately priced bees. The wing at the Begumming inventory, January 1,2020 Finding ventory, December 11, 2020 1895 Required: 2020 Sales Selling price 125 ge Variable manufacturing cost per unit, including direct materials 16 per Variable selling & admin cost per unit sold $7 per un wild Fixed manufacturing costs $1.425.000 Fixed selling & admin. costs $1,100,000 Assume standard costs per unit are the same for units in beginning inventory and units produced during the year. Also, assume no price, spending, o efficiency s Prepare income statement under variable costing for the year ended December 31, 2020