Required information Exercise 6-9 Income statement under absorption costing and variable costing LO P1, P2 The following Information applies to the questions displayed belowJ Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company Part 1 cf 4 points produced 42,000 units and sold 34,000 units at a price of $120 per unit. eBook Hanufacturing costs Direct materials per unit Direct labor per unit Variable overhead per unit Fixed overhead for the year 48 18 Hint AGk 420,08e elling and administrative costs Print Variable selling and administrative cost per unit Fixed selling and adinistrative cost per year 10 110,08e References Exercise 6-9 Part 1a 1a. Assume the company uses absorption costing. Determine its product cost per unit. Mc Graw Prex 1 2 3 4 of 4 Next> Check my work Exercise 6-9 Part la Part 1 of 4. Assume the company uses absorption costing Determine its product cost per unit r unit product cost using: Absorption costing points eBook Hint Ask Print Reterence Cost per unit Mc Graw 1 2 3 4 of 4 Next> Check my work 2 Exercise 6-9 Part 1b Part 2 of 4 1b. Assume the compsny uses absorption costing. Prepare its income statement for the yesr under absorption costing COOL SKY points Absorption Costing Income Statement Book Hint Ask Print References Net income doss) Prey 2 3 4 of 4 Exercise 6-9 Part 2a Ask Print References 2a. Assume the company uses variable costing. Determine its product cost per unit. r unit product cost using: Cost per unit Prey Exerclse 6-9 Part 2b poinm 2b. Assume the company uses vatisble costing. Prepsre its income statement for the yesr under vrisble costing Net income (loss) Prey