Lynch Company manufactures and sells a single product. The following costs were incurred during the company's first year of operations: Variable costs per unit: Manufacturing Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative $ 14 $ 8 $ 2 $ 2 Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative $ 250,000 $160,000 During the year, the company produced 25,000 units and sold 21,000 units. The selling price of the company's product is $47 per unit