$10-9(2)$

Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company

produced $40,000$ units and sold $32,000$ units at a price of $$140$ per unit.

Exercise $19-9$ Part $2$a

$2$a$.$ Assume the company uses variable costing. Determine its product cost per unit.

Exercise $19-9$ Part $2$b

$2$b$.$ Assume the company uses variable costing. Prepare its income statement for the year under variable costing