7. Ross Company produces a single product. The company has direct materials costs unit, direct labor costs of S6 per unit and manufacturing overhead ofs10 per unit Sixty percent of $8 per of the manufacturing overhead is for fixed costs. In addition, variable selling and administrative costs are $2 per unit, and fixed selling and administrative costs are $3 per unit at the current activity level. Assume that direct labor is a variable cost. Under absorption costing, the unit product cost is: A. S26 B. s20/ C. $24 D. $29 8. Same information as above except under variable costing, the unit product cost is: A. $24 B. S20 C.$18 D. $21