1:05 AM Tue Jut 27 AA ezto.mheducation.com + Schartule Sign in M Hill - Login um Ims.mheduc... u Ims.mheduc... LMS-UI Question T -.. 4 -Week 3... Lag in Com Week 3: Homework i Saved Help Save & Exit Submit Check my work 4 Lynch Company manufactures and sells a single product. The following costs were incurred during the company's first year of operations: 10 Variable costs per unit: points Manufacturing: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative eBook Fixed costs per year: Fixed manufacturing overhead $360, 000 Fixed selling and administrative $270, 000 Hint During the year, the company produced 36,000 units and sold 18,000 units. The selling price of the company's product is $55 per unit. Required: Print 1. Assume that the company uses absorption costing: a. Compute the unit product cost. n b. Prepare an income statement for the year. References 2. Assume that the company uses variable costing: a. Compute the unit product cost. b. Prepare an income statement for the year. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2A Req 2B Compute the unit product cost. Assume that the company uses absorption costing. Req 1B >