apter 6 Quiz Saved ! 6 1 3 of 4 Required information The following information applies to the questions displayed below) Cool Sky reports the following for its first year of operations. The company produced 42.000 units and sold 34,000 units at a price of $130 per unit Direct materials $ 54 per unit Direet labor $ 20 per unit Variable overhead $6 per unit Fixed overhead $ 462.000 per year Variable selling and administrative expenses 5.11 per unit Fixed selling and administrative expenses $100,000 per year 21. Assume the company uses variable costing. Determine its total product cost per unit. Per unit product cost using Variable costing Total product cost per unit 2b. Assume the company uses variable costing. Prepare its income statement for the year under variable costing. Income Statement (Variable Costing) Income CO