D E F G Q5: Volly uses the Variable Costing method and reports the following information regarding its performance this year: Direct materials $9.00 per unit Direct labor $18.60 per unit Variable overhead $8.40 per unit Fixed overhead $94,200 total Variable selling and admin expenses $5.70 Fixed selling and admin expenses $69,200 total per unit units Units produced Units sold Sales price 15.700 14.200 $63.00 units per unit a. Calculate the Product Cost pet Unit under Variable Costing. 1 b. Prepare an Income Statement using Variable Costing and proper formats. 2 Volly Company 3 Contribution Margin Income Statement 4 For Year Ended December 31 5