(LO 5) A manufacturer reports the following costs to produce 22,000 units in its first year of operations: Direct materials, $22 per unit, Direct labor, $18 per unit, Variable overhead, $110,000, and Fixed overhead, $220,000. The total product cost per unit under absorption costing is: Multiple Choice $40 per unit. $45 per unit. $55 per unit. $50 per unit. $27 per unit.