Levinson Company produces and sells a single product a laptop computer. The following refer to the year just completed: Beginning inventory $0 Units produced 2,200 Units sold 1,800 Sales price per unit $350 Selling and administrative expenses: Variable per unit $10 Fixed (total) $22,500 Manufacturing costs: Direct materials cost per unit $190 Direct labour cost per unit $40 Variable overhead cost per unit $25 Fixed overhead (total) $25,000 Assume that direct labour and materials are variable costs. Required: (a) Compute the unit product cost using absorption costing and variable costing method. Absorption Variable Costing Costing (b) Prepare a combined income statement for the year using absorption costing and variable costing method. Absorption Variable Costing Costing