at bum Check my werk 1 1 of 4 Required information Exercise 6-3 (Algo) Income statement under absorption costing and variable costing LO P1, P2 (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 $120 per unit. ook Direct materials Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses 5.48 per unit $ 18 per unit 5.6 per unit $ 420,000 per YBE 11 per unit $ 115,000 per year Hint A Print erences Exercise 6-3 (Algo) Part 1a 1o. Assume the company uses absorption costing. Determine its total product cost per unit Per unit product cost using: Direct materials Absorption costing $ 48 CO 1 2 3 4 Prev Next > of 4 Part 1 of 4 Variable selling and administrative expenses Fixed selling and administrative expenses 3.6 per unit $ 420,000 per year $ 11 per unit $ 115,000 per year 3 points Exercise 6-3 (Algo) Part 1a 1a. Assume the company uses absorption costing. Determine its total product cost per unit Book Pint Absorption costing 48 ASR Per unit product cost using: Direct materials Direct labor Variable overhead Fixed overhead Print 18 6 10 References Total product cost per unit $ 82 Check my work 2 Direct materials Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses 04 per unit $ 18 per unit $6 per unit 5 420.000 per year $ 11 per unit $115.000 per year Part 2 of 4 4 points Exercise 6-3 (Algo) Part 1b 15. Assume the company uses absorption costing, Prepare its Income statement for the year under absorption costing. ebook Hint Income Statement (Absorption Costing) Sales Ask Print 0 References $ 0 3 Check my work Direct materials Direct labor Variable overhead Tixed overhead Variable selling and administrative expenses Pixed selling and administrative expenses 3 of 4 548 per unit 18 per unit 5.6 per unit $420,000 per year $ 11 peenis $ 115,000 per year Exercise 6-3 (Algo) Part 2a bol 20. 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 Help Save Exit Submit 4 Check my work Exercise 6-3 (Algo) Part 2b Part 4 of 4 2b. Assume the company uses variable costing. Prepare its income statement for the year under variable costing Income Statement (Variable Costing) 4 points Book Hunt Ask Pro References Income