Chapter 6 Information = " Selling Price $200 per unit Direct Materials = $82 per unit Direct Labor $50 per unit = " Variable Manufacturing Overhead = $10 per unit Fixed manufacturing overhead = $300,000 per year " A&B Company produced and sold 10,000 units last year, which was their first year of operations. 8. Using the information listed above, determine the unit product cost using absorption costing: (Response = 2 points/Show your work = 1 point). 14. Use the following data to compute the unit product cost under both absorption costing and product costing. (Responses 1 point each and show your work = 1 point each; total points for this question are 4 points) a. Company produced a single product. b. Number of units produced is 7,000 c. Variable cost per unit is listed below: Direct materials $86 Direct labor $71 Variable manufacturing overhead $2 Variable selling and administrative expenses $7 d. Fixed Costs: Fixed manufacturing overhead $378,000 Fixed selling and administrative expenses $98,000 Response 1 Absorption Costing. Response 2 | Variable Costing. unit product cost unit product cost The following is the most recent month of operations for a company that had only one product: Item Selling Price Units in beginning inventory Units produced Units sold Units in ending inventory Amount $140 0 9,300 8,900 400 Variable Cost Per Unit: Direct material $25 Direct labor $67 Variable manufacturing overhead $13 Variable selling and administrative expenses $17 Fixed Costs: Fixed manufacturing overhead Fixed selling and administrative expense $139,500 9,500 13. Under variable costing, which of the following is the net operating income or loss? (2 points) a. ($30,800) b. $11,200 c. $17,200 d. $6,000 e. ($6,00)