13 Part 1 of 4 12 points Skipped eBook Required information [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 $120 per unit. Direct materials Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses $ 48 per unit $18 per unit $6 per unit $420,000 per year $ 11 per unit $ 115,000 per year 1a. Assume the company uses absorption costing. Determine its total product cost per unit. 14 10 Print Hint Per unit product cost using: References Total product cost per unit Absorption costing