Question: Exercise 6-6 Variable and Absorption Costing Unit Product Costs and Income Statements [LO6-1, LO6-2] snch Company manufactures and sells a single product. The following costs

Exercise 6-6 Variable and Absorption Costing Unit Product Costs and Income Statements [LO6-1, LO6-2] snch Company manufactures and sells a single product. The following costs were incurred during the company's first year of perations: During the year, the company produced 25,000 units and sold 20,000 units. The selling price of the company's product is $50 per Anit. Required: Assume that the company uses absorption costing: Compute the unit product cost. Prepare an income statement for the year. 2. Assume that the company uses variable costing: Compute the unit product cost. . Prepare an income statement for the year. Compute the unit product cost. Assume that the company uses absorption costing. Prepare an income statement for the year. Assume that the company uses absorpt Compute the unit product cost. Assume that the company uses variable costing Prepare an income statement for the year. Assume that the company uses variable costing

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