Crane makes Halloween costumes. The company incurred the following total costs to produce 30,700 costumes.

Direct materials		$235,000
Direct labor		164,000
Variable overhead		21,590
Fixed overhead		119,730

(a) Under the absorption costing method, what is the average unit product cost? Using this method, how much product cost would be recorded on the income statement if 21,900 units were sold? (Round per unit to 3 decimal places, e.g. 15.256 and product cost to 0 decimal places, e.g. 5,275.)

Average unit product cost		$enter a dollar amount rounded to 2 decimal places
Product cost		$enter a dollar amount rounded to 0 decimal places

(b) Under the variable costing method, what is the average unit product cost? Using this method, how much product cost would be recorded on the income statement if 21,900 units were sold? (Round per unit to 3 decimal places, e.g. 15.256 and product cost to 0 decimal places, e.g. 5,275.)

Average unit product cost		$enter a dollar amount rounded to 2 decimal places
Product cost		$enter a dollar amount rounded to 0 decimal places