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Required information [The following information applies to the questions displayed below] Cool Sky reports the following for its first year of operations. The company produced 40,000 units and sold 32,000 units at a price of $130 per unit. 1a. Assume the company uses absorption costing. Determine its total product cost per unit. Required information [The following information applies to the questions displayed below.] Cool Sky reports the following for its first year of operations. The company produced 40,000 units and sold 32,000 units at a price of $130 per unit. Assume the company uses absorption costing. Prepare its income statement for the year under absorption costing. Required information [The following information applies to the questions displayed below.] Cool Sky reports the following for its first year of operations. The company produced 40,000 units and sold 32,000 units at a price of $130 per unit. 2a. Assume the company uses variable costing. Determine its total product cost per unit. Required information [The following information applies to the questions displayed below.] Cool Sky reports the following for its first year of operations. The company produced 40,000 units and sold 32,000 units at a price of $130 per unit. b. Assume the company uses variable costing. Prepare its income statement for the year under variable costing