1. Palmer Company had the following costs EEB (Click on the icon to view the data.) Calculate the unit product cost using absorption costing and variable costing. (If a box is not used in the table leave the box empty, do not or enter a zero.) Variable Data Table Absorption Costing Costing 560 units Units produced Manufacturing costs Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead 22 per unit 53 per unit 14 per unit 8,960 per year Total unit product cost Selling and administrative costs Variable selling and administrative costs Fixed selling and administrative costs 31 per unit 5,040 per year PrintDone