Crane makes Halloween costumes. The company incurred the following total costs to produce 29,100 costumes. Direct materials $244,000 Direct labor 168,000 Variable overhead 18,680 Fixed overhead 145,500 (

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 21,100 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.)

(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 21,100 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.)