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A company has $25 per unit selling price, $7.00 per unit in variable production cost and $2.00 per unit in variable selling and administrative cost.

A company has $25 per unit selling price, $7.00 per unit in variable production cost and $2.00 per unit in variable selling and administrative cost. The annual fixed production cost is $400,000. The annual fixed selling and administrative cost is $50,000.
Complete the table below for each year. Assume a FIFO flow.
2016
Units Produced 120,000
Units Sold 110,000
1- Cost per unit under variable costing
2- Cost per unit under absorption costing

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