Hi there, could someone please help me solve the following;

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Baxtell Company manufactures and sells a single product. The following costs were incurred during the company's first year of operations: Variable costs per unit: Manufacturing: Direct materials $ 22 Direct labour 7 Variable manufacturing overhead 6 Variable selling and administrative 9 Fixed costs per year: Fixed manufacturing overhead 318,150 Fixed selling and administrative 201,600 expense During the year, the company produced 35,350 units and sold 28,800 units. The selling price of the company's product is $65 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. Cost of goods sold: 2. Assume that the company uses variable costing. 3. Compute the unit product cost. b. Prepare an income statement for the year. Variable expenses: Variable cost of goods sold: Variable cost of goods sold Fixed expenses