Lynch Company.... NEED HELP ASAP

27 Lynch Company manufactures and sells a single product. The following costs were incurred during the company's first year of operations: 02:27:21 5 Variable costs per unit: Manufacturing: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative 13 10 3 3 $ $352,600 $262.000 During the year, the company produced 32,000 units and sold 27,000 units. The selling price of the company's product is $56 per unit: Required: 1. Assume that the company uses absorption costing a. Compute the unit product cost. b. Prepare an income statement for the year. 2. Assume that the company uses variable costing: a. Compute the unit product cost b. Prepare an income statement for the year Complete this question by entering your answers in the tabs below. Reg 1A Reg 18 Reg 2 Reg 25 Compute the unit product cost. Assume that the company uses absorption costing, Unit product cost Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Reg 2A Reg 28 Prepare an income statement for the year. Assume that the company uses absorption costing, Lynch Company Absorption Casting Income Statement Reg 1A Reg 2A > Complete this question by entering your answers in the tabs below. Reg 1A Reg 18 Reg 2A Reg 28 Compute the unit product cost. Assume that the company uses variable costing Un product Cost Reg 10 Heg 28 Req 1A Reg 1B Reg 2A Reg 2B 5 Prepare an income statement for the year. Assume that the company uses variable costing Lynch Company Variable Costing Income Statement + Reg 2A 20