Kyle Corporation produces a single product and has the following cost structure: Number of units produced each year: 1,000

Variable costs per unit:

Direct materials $41

Direct labor $36

Variable manufacturing overhead $ 4

Variable selling and administrative expenses $ 1

Fixed costs per year:

Fixed manufacturing overhead $46,000

Fixed selling and administrative expenses $60,000 Required: 1. Compute the unit product cost under absorption costing. Show your work!

2. Compute the unit product cost under variable costing. Show your work!