7 10 Variable costs per unit: Manufacturing: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative $ $ $ $ 2 2 ts $374,000 $284,000 eBook Hint During the year, the company produced 34,000 units and sold 26,000 units. The selling price of the company's product is $44 per unit Punt References 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. Reg 1A Reg 16 Reg 2A Req 28 Compute the unit product cost. Assume that the company uses absorption costing, Unit product cos! During the year, the company produced 34,000 units and sold 26,000 units. The selling price of the company's product is $44 per unit. 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. BOOK Print Complete this question by entering your answers in the tabs below. ferences Reg 1A Reg 13 Req 2A Reg 28 Prepare an income statement for the year. Assume that the company uses absorption costing Lynch Company Absorption Costing Income Statement Req 1A Reg 1B Reg 2A Req 2B Prepare an income statement for the year. Assume that the company uses variable costing Book Hint Lynch Company Variable Costing Income Statement Print eferences