2. ABC Company manufactures a single type of product and the following information is available : $190 Selling Price per unit Information for Year 1: Units in Beginning Inventory Units Produced Units sold 0 25.000 23.800 Information for Year 2: Units in Beginning Inventory Units Produced Units sold ? 20.000 21.000 Fixed Cost per month (same for Year I and Year 2): Fixed Selling & Admin Fixed MOH $180,000 $80,000 Variable cost per unit (same for Year 1 and Year 2): DM $34 DL S21.75 Variable MOH $13.5 Variable Selling& Admin $10.5 Required: a. Calculate the unit product cost for Year / under variable costing system. (3 marks) b. Calculate the unit product cost for for Year / under absorption costing system. (3 marks) c. Prepare the Income Statement only for Year 2, using the variable costing system. (8 marks)