8. Queens Co. produces a single product. Information about the product for the past year is as follows: Production (in units) 100,000 Sales (units) 80,000 Selling price/unit $40.00 Machine hours 50,000 Manufacturing costs: Direct materials Direct labor Variable overhead Fixed overhead $ 160,000 $ 480,000 $ 80,000 $ 400,000 Nonmanufacturing costs: Variable selling $96,000 Fixed selling $40,000 There were no beginning inventories. (Round amounts to two decimal places.) The unit product cost for this product using variable costing would be a. $8.00 CS7.20 1.56.40.11.20 9. Refer to the data in question 8. The unit product cost for the product using absorption costing would be 2. 515.20. 510.00 6. $11.200 S 8.00 10. Refer to the data in question 8. The product's variable cost of goods sold would be a. 5624,000 $592,000 b. 5576,000 a $512,000 11. Refer to the data in question 8. If Queens Co. uses absorption costing, the cost of goods sold would be a. $1,720,000 c. $1,408,000 b. $1,456,000 d. $ 896,000 12. Refer to the data in question 8. If Queens Co. uses absorption costing, its operating income would be a. $2,168,000 $2,528,000 b. 2,128,000. S2,088,000 13. Refer to the data in question 8. If Queens Co, uses variable costing, its operating income would be a. $2,528,000 $2,088,000 6. $2,128,000, S2,168,000