Under (1) Absorption costing and (2) Variable costing, provide

a)Cost per unit

b)Income Statement

Number of units produced each year Variable cost per unit: Direct materials Direct labor Variable Manufacturing Overhead Variable selling and Administrative expenses Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expenses Units in beginning inventory Units produced Units Sold Units in ending inventory Selling price per unit Selling and administrative expenses: Variable per unit Fixed per year 6,000 $2 $4 $1 $3 $30,000 $10,000 0 6,000 5,000 1,000 $20 $3 $10,000