Problem 6-2A (Algo) Variable costing income statement LO P2 Trez Company began operations this year. During this year, the company produced 100,000 unis and sold 80,000 units. The absorption costing income statement for this year follows. Additional Information a. Selling and administrative expenses consist of $400,600 in annual foxed expenses and $175 per unit in variable selling and odministrative expenses. b. The companys product cost of $25 per unit consists of the following. Required: Required: Prepare an income statement for the company under variable costing. Required: Prepare an income statement for the company under variable costing