Exercise 19-9 Income statement under absorption costing and variable costing LO P1, P2 The following information applies to the questions displayed below] Cool Sky reports the following costing data on its product for its first year of operations, During this first year, the company produced 44,000 units and sold 36,000 units at a price of $110 per unit. Manufacturing costs $ 42 Direct materials per unit Direct labor per unit Variable overhead per unit Fixed overhead for the year $ 16 396,000 $ 11 Selling and administrative cost Variable selling and administrative cost per unit Flxed selling and administrative cost per year 100,000