Cliffhangers Company had the following product information for March 2019:

Selling Price $149 per unit Direct Materials $35 per unit Direct Labor $29 per unit Variable Manufacturing Overhead $13 per unit

Variable selling $6 per unit

Fixed Manufacturing Overhead . $129,000

Fixed Selling $164,000 Production 5,800 units Sales (units) 4,400 units

REQUIRED:

1. What is the product cost per unit under absorption costing?

2. What is the product cost per unit under variable costing?

3. Prepare an income statement using absorption costing.

4. Prepare an income statement using variable costing.