Required Information Exercise 19-9 Income statement under absorption costing and variable costing LO P1, P2 [The following information applies 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 46,000 units and sold 38.000 units at a price of $140 per unit. 60 5552.000 Manufacturing costs Direct materials per unit 60 Direct labor per unit 22 Variable overhead per unit Fixed overhead for the year Selling and administrative costs Variable selling and administrative coste 610 per unit Fixed selling and administrative cost per year $110,000 Exercise 19-9 Part 2a 20. Assume the company uses variable costing. Determine its product cost per unit Per unit product cost using Variable costing Total cost per unit Required Information Exercise 19-9 Income statement under absorption costing and variable costing LO P1, P2 [The following information applies 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 46,000 units and sold 38,000 units at a price of $140 per unit Manufacturing costs Direct materials per unit S660 Direct labor per unit $ 22 Variable overhead per unit 68 Fixed overhead for the year 6552,000 Selling and administrative costs Variable selling and administrative cost 10 per unit Fixed selling and administrative cost per $110.000 year Exercise 19-9 Part 2b 2b. Assume the company uses variable costing, Prepare its income statement for the year under variable costing COOL SKY Variable Costing Income Statement Net income poss)