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: $5

Overhead Variable selling & 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 company's product is $200 per unit.

Assume that the company uses variable costing:

1. Computer unit product cost.

2. Prepare an income statement for the year using variable costing system.

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A manufacturing company that produces a single product has provided the following data concerning its most recent year of operations: Variable costs per unit: During the year, the company produced 7,300 units and sold 6,000 units. The selling price of the company's product is $200 per unit. Assume that the company uses variable costing: 1 Computer unit product cost. ( 5 points) 2. Prepare an income statement for the year using variable costing system. (9 points)