4. The following costs were incurred during the companys first year of operations: Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative $ 6 $ 9 $ 3 $ 300,000 $ 190,000 During the year, the company produced 25,000 units and sold 20,000 units. The selling price of the company's product is $50 per unit. (a) Compute the unit product cost using absorption costing (b) Prepare an income statement for the year. (c) Compute the unit product cost using uses variable costing: CO Prepare n income statement for the year CamScanner