Exercise 19-3 (Static) Income statement under absorption costing and variable costing LO P1, P2 Skip to question [The following information applies to the questions displayed below.] Cool Sky reports the following for its first year of operations. The company produced 44,000 units and sold 36,000 units at a price of $140 per unit. Direct materials $ 60 per unit Direct labor $ 22 per unit Variable overhead $ 8 per unit Fixed overhead $ 528,000 per year Variable selling and administrative expenses $ 11 p