Baxtell Company manufactures and sells a single product. The following costs were incurred during the company's first year of operations . Variable costs per uniti Manufacturing: Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative Pixed costs per year Fixed manufacturing overhead Fixed selling and administrative expono JO 10 4 B 305,100 199,500 During the year, the company produced 33,900 units and sold 28,500 units. The selling price of the company's product is $72 per unit Required: 1. Assume that the company uses absorption costing. a. Compute the unit product cost Unit productos $ 53 0 b. Prepare an income statement for the year. (Do not leave any empty spaces; input a o wherever it is required.) Absorption Costing Income Statement 1:09:42 Cost of goods sold Book 0 0 0 $ 2. Assume that the company uses variable costing. a. Compute the unit product cost Unit product cont O b. Prepare an income statement for the year. (Do not leave any empty spaces; input a 0 wherever it is required.) Variable Costing Income Statement Variable expenses Variable cost of goods sold: 0 Variable cost of goods sold 0 0 0 Fixed expenses 0 0