3 Variable ys. Absorption Costing, OU812 Incorporated manufactures one product that is sold for $10 per unit. The following information pertains to the company's first year of operations in which it produced 20,000 units and sold 15,000 units. Variable Costs Per Unit: Manufacturing: Direct Materials Direct Labor Variable Manufacturing Overhead Variable Selling & Administrative Fixed Costs Per Year: Fixed Manufacturing Overhead Fixed Selling & Administrative Expenses SI $0.75 $50,000 $10,000 Cost per Unit. What is the unit product cost under (a) variable costing? (b) absorption costing