Murphy Inc., which produces a single product, has provided the following data for its most recent month of operation: 14,900 $ 5 Number of units produced Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses Fixed costs Fixed manufacturing overhead. Fixed selling and administrative expenses 151 72 8 12 $ $923,800 5357,600 The company had no beginning or ending inventories Required: a. Compute the unit product cost under absorption costing. b. Compute the unit product cost under variable costing. Product Cott Absorption costing to costing