24 Altuvie Bats Company Lid, manufactures and sells a single product extremely good baseball bats. The table below contains data for costs that were incurred during the company's first year of operations. Variable costs per unit: Manufacturing: Direct materials Direct labor Variable manufacturing overhead Variable selling and dinistrative Fixed costs per you! Fixed facturing overhead Fixed selling and dinistrative 800340 During the year, the company produced 37000 units and sold 18.000 units. The selling price of the company's product is $55 per unit. Required: 1. Assume that the company uses absorption costing a Compute the unit product cost. b. Prepare an income statement for the year 2. Assume that the company uves variable costing Compute the unit product cost b. Prepare an income statement for the year Complete this question by entering your answers in the