Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 46,000 units and sold 38,000 units at a price of $120 per unit. Manufacturing costs Direct materials per unit Direct labor per unit Variable overhead per unit Fixed overhead for the year 4 8 18 $460,000 s 11 Selling and administrative costs Variable selling and administrative cost per unit Fixed selling and administrative cost per year $115,000 Exercise 6-9 Part 1a 1a. Assume the company uses absorption costing. Determine its product cost per unit. Per unit product cost using Absorption costing Cost per unit