A manufacturing company that produces a single product has provided the following data concerning its most recent year of operations:

Variable costs per unit:
Direct material	$29
Direct labor	$49
Variable manufacturing overhead	$5
Variable selling and administrative	$4
Fixed costs:
Fixed manufacturing overhead	$36,500
Fixed selling and administrative	$14,200

During the year, the company produced 7,300 units and sold 6,000 units. The selling price of the companys product is $200 per unit.

Assume that the company uses variable costing:

a. Computer the unit product cost. (3 points)

b. Prepare an income statement for the year. (8 points)