Exercise 3.4: Calculate product cost per unit using absorption costing Costs under absorption costing Homework - Unanswered In producing a tangible good, a manufacturing company incurs the following costs per unit: Cost item Amount Direct material $5.50 Direct labour $3.75 Variable manufacturing overhead $2.25 Fixed manufacturing overhead $1.50 Calculate product cost per unit under absorption costing. Type your numeric answer and submit Unanswered Exercise 3.5: Calculate product cost per unit under variable costing