Baxtell Company manufactures and sells a single product. The following costs were incurred during the company's first year of operations:

$\backslash$table$[[$Variable costs per unit:,$],[$Manufacturing:$,33],[$Direct materials,$15],[$Direct labour,$5],[$Variable manufacturing overhead,$6],[$Variable selling and administrative,$],[$Fixed costs per year:,$429,650],[$Fixed manufacturing overhead,$144,600]]$

During the year, the company produced $33,050$ units and sold $24,100$ units. The selling price of the company's product is $$88$ per unit.

Required:

Assume that the company uses absorption 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 $0$ wherever it is required.$)$

$2.$

Assume that the company uses variable costing.

a$)$ Compute the unit production cost

b$)$ Prepare the income statement of the year

$\backslash$table$[[$Absorption Costing Income Statement,$],[$Sales$,,],[$Cost of goods sold,,$],[$Beginning inventory,,$],[$Add Cost of goods manufactured,,$],[$Goods available for sale,,$],[$Less Ending inventory,,$],[$Gross margin,,$0],[$Selling and administrative expenses,,$],[$Operating income,,$