Ivanhoe makes Halloween costumes. The company incurred the following total costs to produce 30,400 costumes. Direct materials $236,000 Direct labor 138,000 Variable overhead 15,120 91,200 Fixed overhead (a) Under the absorption costing method, what is the average unit product cost? Using this method, how much product cost would be recorded on the income statement if 22,000 units were sold? (Round per unit to 3 decimal places, e.g. 15.256 and product cost to O decimal places, e.g. 5,275) Average unit product cost Product cost (b) Under the variable costing method, what is the average unit product cost? Using this method, how much product cost would be recorded on the income statement if 22,000 units were sold? (Round per unit to 3 decimal places, e.g. 15.256 and product cost to O decimal places, e.g. 5,275.) Average unit product cost $ Product cost $