Baxtell Company manufactures and sells a single product. The following costs were incurred during the company's first year of operations: +A 1158 34 21 278,000 113,000 During the year, the company produced 27,800 units and sold 22,600 units. The selling price of the company's product is $90 per unit. Variable costs per unit: Manufacturing: Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expense 2. Assume that the company uses variable costing. a. Compute the unit product cost. Unit product cost b. Prepare an income statement for the year. (Do not leave any empty spaces; input a O wherever it is required.) Variable Costing Income Statement Variable expenses: Variable cost of goods sold: Variable cost of goods sold Fixed expenses: 0 0 0 0 0 0