Lyons Company manufactures and sells one product. The following information pertains to the company's first year of operations: $ 20.00 Variable cost per unit: Direct materials Fixed costs per year: Direct labor Fixed manufacturing overhead Fixed selling and administrative expenses $1,400,000 $ 520,000 $ 160,000 The company does not incur any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, Lyons produced 80,000 units and sold 70,000 units. The selling price of the company's product is $52 per unit. Compute the unit product cost for the year. Assume the company uses super-variable costing. (Round your answer to 2 decimal places.) Unit product cost Prepare an income statement for the year. Assume the company uses super-variable costing. Lyons Company Super-Variable Costing Income Statement Fixed expenses: Compute the unit product cost for the year. Assume the company uses a variable costing system that assigns $17.50 of direct labor cost to each unit produced. (Round your answer to 2 decimal places.) Unit product cost Prepare an income statement for the year. Assume the company uses a variable costing system that assigns $17.50 of direct labor cost to each unit produced. (Round your intermediate calculations to 2 decimal places.) Lyons Company Variable Costing Income Statement Fixed expenses: Super-variable costing net operating income (loss) Variable costing net operating income (loss)