Altuvie Bats Company Ltd, manufactures and sells a single product - extremely good baseball bats. The table below contains data for costs that were incurred during the company's first year of operations, Variable costs per unit: Manufacturing Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative $ 5 $ 5 le 4 1 1 $340, eee $250, eee During the year, the company produced 34,000 units and sold 16,000 units. The selling price of the company's product is $54 per unit Required: 1. Assume that the company uses absorption costing; a. Compute the unit product cost. b. Prepare an income statement for the year. 2. Assume that the company uses variable costing a. Compute the unit product cost, b. Prepare an income statement for the year. Complete this question by entering your answers in the tabs below. Reg 1A Reg 10 Red 2A Reg 20 Compute the unit product cost. Assume that the company uses absorption costing. Unit productos Reg18 >