Dowell Company produces a single product. Its income statements under absorption costing for operation follow its first two years of 2816 2817 Part 1 of 2 Sales (S46 per unit) Cost of goods sold ($31 per unit) Gross margin Selling and administrative expenses Net incone $1,812,eee s1,932,888 682,888 1,382,eee 330,eee 294,508 638,888 339,58e 299,see 2 points 35,see Additional Informetion eBook a. Sales and production data for these first two years follow. Print 2816 32.988 32,80e 22,ee 42.98e 2017 Units produce Units sold References b. Variable cost per unit and total fixed costs are unchanged during 2016 and 2017. The company's $31 per unlt product cost consists of the following Direct materials pirect labor variable overhead ixed ovenhead (ss2e,ees 2,eed unis orai produer cost per unit