Cool Sky reports the following for its first year of operations. The company produced $46,000$ units and sold $38,000$ units at a price of $$120$ per unit.

Direct materials

Direct labor $$48$ per unit

Variable overhead

Fixed overhead

Variable selling and administrative expenses

Fixed selling and administrative expenses

$$460,000$ per year

$$11$ per unit

$$105,000$ per year

Exercise $19-3($Algo$)$ Part $1$a

$1$a$.$ Assume the company uses absorption costing. Determine its total product cost per unit.

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