Transcribed image text: QUESTION 2 The Hame Company manufactures tready, good-looking, moderately priced umbrellas. The following data are for the year Required: Assume standard costs per unit are the same for units in beginning inventory and units produced during the year. Alo, assum Prepare income statement under variable costing for the year ended December 31, 2020. For the Loolbar, press ALT=F10 (PC) or ALTEEN=F10 (22). B IV 9 Paragraph Beginning inventory, January 1, 2020 100,000 units Ending inventory, December 31, 2020 Sales Selling price Variable manufacturing cost per unit, including direct materials Sariable selling & admin. cost per unit sold Fixed manufacturing costs Sla Fied selling & admin. costs $1,100,000