Exercise 6-3 Income reporting under absorption costing and variable costing LO F sales Company, a manufacturer of tablet computers, began operations on January 1, 2015. its cost and information for year follows. Manufacturing costs Direct materials 40 per unit Direct labor 60 per unit Overhead costs for the year Variable overhead $4,400,000 Fixed overhead $6,600,000 Selling and administrative costs for the year Variable 700,000 Fixed 4,500,000 Production and sales for the year Units produced 110,000 units Units sold 80,000 units Sales price per unit 360 per unit