On December 31, the end of the first year of operations, Frankenreiter Inc. manufactured 25,600 units and sold 24,000 units. The following income statement was prepared, based on the variable costing concept:

Determine the unit cost of goods manufactured, based on
(a) The variable costing concept.
(b) The absorption costing concept.

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Frankenreiter Inc. Variable Costing Income Statement For the Year Ended December 31, 2016 $9,600,000 Variable cost of goods sold: $5,376,000 336,000 Less inventory, June 30 Variable cost of goods sold.. Manufacturing margin. Variable selling and administrative expenses... 5,040,000 4,560,000 1,150,000 $3,410,000 Fixed costs: 1,664,000 890,000 Fixed selling and administrative expenses Income from operations.. 2,554,000 $ 856,000