During 20XX Artic Company completed its first year of operations: Below are selected data: Chapter 21 Homework Question 1: (1.0 point) Required: Using the variable costing approach, calculate the unit product cost. When entering the answers in Blackboard omit $ signs. Chapter 21 Homework Question 2: (1.0 point) Required: Using the variable costing approach, calculate the Income from operations. When entering the answers in Blackboard omit $ signs. Chapter 21 Homework Question 3: (1.0 point) Required: Using the absorption costing approach, calculate the unit product cost. When entering the answers in Blackboard omit $ signs. Chapter 21 Homework Question 4: (1.0 point) Required: Using the absorption costing approach, calculate the Income from operations. When entering the answers in Blackboard omit $ signs. Sales (12,000 units) $144,000 Production costs (15,000 units): Direct materials $12,000 Direct labor 24,000 Variable factory overhead 28,500 Fixed factory overhead 30,000 Total production costs 94,500 Operating expenses: Variable operating expenses $15,000 Fixed operating expenses 20,000 Total operating expenses 35,000