Murphy Inc., which produces a single product, has provided the following data for its most recent month of operation:

Number of units produced		10,500
Variable costs per unit:
Direct materials	$	165
Direct labor	$	72
Variable manufacturing overhead	$	8
Variable selling and administrative expenses	$	9
Fixed costs:
Fixed manufacturing overhead	$	535,500
Fixed selling and administrative expenses	$	199,500

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.