Basic Electric Motors is a division of Basic Electric Products Corporation. The division manufactures and sells an electric switch used in a wide variety of applications. During the coming year, it expects to sell 180,000 . . : Division Information for 2020 Beginning inventory 0 Expected sales in units 180,000 Selling price per unit S7 Variable manufacturing cost per unit $2.10 Fixed manufacturing cost (total) 5540,000 Fixed manufacturing overhead costs per unit Based on 180,000 units $3.00 per unit (5540,000 + 180,000) Based on 300,000 units $1.80 per unit (5540,000 = 300,000) Manufacturing cost per unit Based on 180,000 units $5.10 per unit (52.10 variable + $3.00 fixed) Based on 300,000 units $3.90 per unit (52.10 variable + $1.80 fixed) Variable selling and administrative expenses $0.50 per unit Fixed selling and administrative expenses (total) 510,500 * Question 36 Prepare an absorption-costing income statement, with one column showing the results if 180,000 units are produced and one column showing the results if 300,000 units are produced. BASIC ELECTRIC MOTORS DIVISION Income Statement For the Year Ended 2020 Absorption Costing 300,000 180,000 Units produced Units sold