4 parts to this question

Exercise 6-6 (Algo) Variable and Absorption Costing Unit Product Costs and Income Statements [ LO6-1, LOG-2] Lynch Company manufactures and sells a single product. The following costs were incurred during the company's first year of operations: During the year, the company produced 33,000 units and sold 24,000 units. The selling price of the company's product is $44 p unit. Required: 1. Assume that the company uses absorption costing: o. Compute the unit product cost. b. Prepare on income statement for the year. 2. Assume that the compony uses voriable costing: a. Compute the unit product cost. b. Prepare on income stotement for the yeor. Complete this question by entering your answers in the tabs below. mpute the unit product cost. Assume that the company uses absorption costing. Required: 1. Assume that the company uses absorption costing: a. Compute the unit product cost. b. Prepare an income statement for the year. 2 Assume that the company uses variable costing: a. Compute the unit product cost b. Prepare an income statement for the year. Complete this question by entering your answers in the tabs below. Prepare an income statement for the year. Assume that the company uses absorption costing. Complete this question by entering your answers in the tabs below. Compute the unit product cost. Assume that the company uses variable costing Complete this question by entering your answers in the tabs below: Prepare an income statement for the year. Assume that the company uses varlable costing