Exercise 6-9 Income statement under absorption costing and variable costing LO P1, P2 The following information apples 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 $140 per unit. Manufacturing costs Direct materials per unit 60 Direct labor per unit 22 Variable overhead per unit Fixed overhead for the year $528,000 Selling and administrative cost Variable selling and administrative cost per unit 10 115,000 Fixed selling and administrative cost per year