Requlred Information Exercise 6-3 (Algo) 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 for its first year of operations. The company produced 42,000 units and sold 34,000 units at a price of $140 per unit. Exerclse 6-3 (Algo) Part 1a 1e. Assume the company uses absorption costing. Determine its total product cost per unit. Requlred Information Exercise 6-3 (Algo) 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 for its first year of operations. The company produced 42,000 units and sold 34,000 units at a price of $140 per unit. erclse 6-3 (Algo) Part 1b Assume the company uses absorption costing. Prepare its income statement for the year under absorption costing. Requlred Informetion Exercise 6-3 (Algo) 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 for its first year of operations. The company produced 42,000 units and sold 34,000 units at a price of $140 per unit. Exerclse 6-3 (Algo) Part 2a 20. Assume the company uses variable costing. Determine its total product cost per unit. Requlred Information Exercise 6-3 (Algo) 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 for its first year of operations. The company produced 42,000 units and sold 34,000 uni at a price of $140 per unit. xerclse 6-3 (Algo) Part 2b b. Assume the company uses variable costing. Prepare its income statement for the year under variable costing