Please fill in the statements and answer the questions completely.

Lynch Company manufactures and sells a single product. The folowing costs were incumed during the company's Srst year of operations: Variable costs per unit Direct materiats Direct labor Variable manufacturing overhead Variable selling and administrative $ 10 $7 5 3 S 3 Fixed costs per year Fixed manufacturing overhead Fixed seling and administrative $ 380,000 $ 290,000 Duing the year, the company produced 38,000 units and soid 18,000 units. The selling price of the company's product is $61 per unit