a 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 $248, eee $8,000 During the year, the company produced 31,000 units and sold 1,000 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. Caminate this restinn hy entering our ancuare the tabs Saved During the year, the company produced 31,000 units and sold 21,000 units. The 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. Req 1A Req 1B Req 2A Reg 2B Prepare an income statement for the year. Assume that the company uses variable cost Lynch Company Variable Costing Income Statement Sales $ 924,000 Nariahin ANSAS o search