10 5 points Baxtell Company manufactures and sells a single product. The following costs were incurred during the company's first year of operations: Variable coats per units Manufacturing Direct materiale Direct labour Variable manufacturing overhead Variable selling and administrative Fixed costs per year Pixed manufacturing overhead Fixed selling and administrative expense 17 358,150 132,600 During the year, the company produced 27.550 units and sold 22,100 units. The setting price of the company's product is $86 per unit Required: 1. Assume that the company uses absorption costing a. Compute the unit product cost. Answer is complete and correct. Unt product onst 67O yamoty spaces; input a O wherever it is required.) Return to question LO 5 10 points b. Prepare an income statement for the year. (Do not leave any empty spaces: input a O wherever it is required.) Answer is not complete. Absorption Costing Income Statement. Cost of goods sold 2. Assume that the company uses variable costing. a. Compute the unit product cost. Unit product cost 0 0 Beturn to question 10 5 b. Prepare an income statement for the year. (Do not leave any empty spaces: input a O wherever it is required.) Variable expenses Answer is not complete. Variabin Costing Income Statement Variable cost of goods sold 0 Variable cost of goods sold 0 Fixed expenses 0 0 0 Beturn to