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Sims Company began operations on January 1 Its cost and sales information for this year...

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Sims Company began operations on January 1 Its cost and sales information for this year follow Direct materials Direct labor Variable overhead Fixed overhead Units sold 30 Sales price 50 20 Variable selling and administrative expenses 11 Fixed selling and administrative expenses 4 250 000 Units produced 110 000 8 800 000 per year per unit 80 000 360 per unit Required 1 Required 2 Prepare an income statement for the year using variable costing per unit SIMS COMPANY Income Statement Variable Costing per unit Prepare an income statement for the year using absorption costing SIMS COMPANY Income Statement Absorption Costing per year units 1 Prepare an income statement for the year using variable costing Prepare an come statement for the year using absorption costing units Complete this question by entering your answers in the tabs below per unit 0 0

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