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 1 and Year 2): Fixed Selling & Admin $80,000 Fixed MOH $180,000 Variable cost per unit (same for Year 1 and Year 2): DM $34 DL $21.75 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 1 under absorption costing system. (3 marks) c. Prepare the Income Statement only for Year 2, using the variable costing system. (8 marks)