of 41 Required information Exercise 6-3 (Algo) Income statement under absorption costing and variable costing LO P1, P2 [The following information applies to the questions displayed below.] Cool Sky reports the following for its first year of operations. The company produced 44,000 units and sold 36,000 units at a price of $120 per unit. Direct materials Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses Exercise 6-3 (Algo) Part 1a $ 48 per unit $ 18 per unit $6 per unit $440,000 per year $ 12 per unit $ 115,000 per year 1a. Assume the company uses absorption costing. Determine its total product cost per unit. Answer is complete and correct. Per unit product cost using: Direct materials Direct labor Variable overhead Fixed overhead Total product cost per unit 1000 $ Absorption costing 48 18 6 10 82