Lynch Company manufactures and sells a single product. The following costs were incurred during the company's first year of operations: 2. Assume that the company uses variable costing: a. Compute the unit product cost. During the year, the company produced 33,000 units and sold 24,000 , units. The selling price of the company's product is $44 per unit. Required: 1. Assume that the company uses absorption costing: A Commite the init nindiurt renct b. Prepare an income statement for the year. b. Prepare an income statement for the year