ed Sutfolk University .Thread: Last Nam.. a hapter 6 Help Save&Exit Check r 8 Lynch Company manufactures and sells a single product. The following costs were incurred during the company's first year of operations: oints Variable costs per unit Manufacturings Direct materials Direct labor eBook Hint Print References Variable manufacturing overhead Variable selling and administrative Fixed costs per year Fixed nanufacturing overhead Fixed selling and administrative expenses $330,000 $240,000 During the year, the company produced 30,000 units and sold 23,000 units. The selling price of the company's product is $43 per unit Required: 1. Assume that the company uses absorption costing a. Compute the unit product cost b. Prepare an income statement for the year. 2. Assume that the company uses varlable costing: a. Compute the unit product cost b. Prepare an income statement for the year Complete this question by entering your answers in the tabs below Ch 8 1. Assume that the company uses absorption costing: a. Compute the unit product cost. b. Prepare an income statement for the year. 2. Assume that the company uses variable costing a. Compute the unit product cost b. Prepare an income statement for the year. the yeat 10 points Complete this question by entering your answers in the tabs below. eBook Hint Print Req 1A Req 18 Req 2A Req 28 Compute the unit product cost. Assume that the company uses absorption costing Reg 18 K Prex8 of 10 Next> Chapter 6 Saved Help Save & 8 b. Prepare an income statement for the year. Complete this question by entering your answers in the tabs below 10 points Req 1A Req 18 Req 2A Req 28 Prepare an income statement for the year. Assume that the company uses absorption costing eBook Hint Print Absorption Costing Income Statement Prex 8 of 10E Next> Chapter 6 6 Saved 8 1. Assume that the company uses absorption costing: a. Compute the unit product cost b. Prepare an income statement for the year. 2. Assume that the company uses variable costing: a. Compute the unit product cost. b. Prepare an income statement for the year. 10 points Complete this question by entering your answers in the tabs below eBook Hint Print Req 1ARea 18 1BA Req 28 Req 2A Compute the unit product cost. Assume that the company uses variable costing cost Req 18 Req 28 ) Apps G Google G Google Suffolk University.Thread: Last Nam.. Help Save & Chapter 6 6 Che 8 Prepare an income statement for the year. Assume that the company uses variable costing Variable Costing Income Statement 10 polnts eBook Print Prex 80, 10 Next >