nework Dowell Company produces a sangle product. Its income statements under absorpton costing for its first two years of operation follow ales (346 per unit) Cost of goods sold ($11 per unit Gross sargin Selling and adeinistrative a Sales and production data for these first two years follow Units produced Units sold 21,000 41,000 b. Variable cost per unit and total foxed costs are unchanged durting 2016 and 2017. The company's $31 per unit product cost consists of the following Direct labor Variable overhead Fixed overhead (5310,ee0/31,e0 units) Total product cost per unit 533 c. Selling and administrative expenses consist of the following s 47,250 % 92,250 variasle selling and adsinistrative expenses (52.2s per unte) Flxed selling and adeinistrative expenses otal sell5ing and adeinistrative expenses 292,25 337,2se Prey 20 of 20 Ne