! Please help! Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 42,000 units and sold 34,000 units at a price of $150 per unit

1A. Assume the company uses absorption costing. Determine its product cost per unit.

1 B. Assume the company uses absorption costing. Prepare its income statement for the year under absorption costing.

1 C. Assume the company uses variable costing. Determine its product cost per unit.

1 D. Assume the company uses variable costing. Prepare its income statement for the year under variable costing.

Manufacturing costs Direct materials per unit Direct labor per unit Variable overhead per unit Fixed overhead for the year Selling and administrative costs Variable selling and administrative cost per unit Fixed selling and administrative cost per year 66 25 9 $546,000 $ 10 $105,000 Per unit product cost using: Absorption costing Cost per unit COOL SKY Absorption Costing Income Statement Net income (loss) Per unit product cost using: Variable costing Cost per unit COOL SKY Variable Costing Income Statement Net income (loss)