8 00 Murphy Incorporated, which produces a single product, has provided the following data for i- Number of units produced 12,600 $ 115 01:29:50 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses Fixed costs: Fixed manufacturing overhead. Fixed selling and administrative expenses The company had no beginning or ending inventories. Required: a. Compute the unit product cost under absorption costing. b. Compute the unit product cost under variable costing. $ 78 $ 8 $ 17 $ 718,200 $ 289,800 Unit Product Cost a. Absorption costing $ 258 b. Variable costing $ 201 13