Marks-10 Question No-4 Fiendish Friends makes Halloween costumes. The company incurred the following total costs to produce 25,000 costumes. Direct materials $200,000 Direct labor 150,000 Variable overhead 50,000 Fixed overhead 100,000 Required: a. Under the absorption costing method, what is the average unit product cost? Using this method, how much product cost would be recorded on the income statement if 20,000 units were sold? b. Under the variable costing method, what is the average unit product cost? Using this method, how much product cost would be recorded on the income statement if 20,000 units were sold