Osprey Inc. produces and sells a single product, an economically priced kayak paddle. Selected cost and operating data relating to the product for the year ended 12/31/20 are given below.

Osprey started tge year woth no units in beginning inventory. During the year Osprey produced 11,000 units and sold 9,000 units.

Osprey Inc. produces and sells a single product, an economically priced kayak paddle. Selected cost and operating data relating to the product for the year ended 12/31/20 are given below. $65 Selling price per unit Manufacturing costs: Variable manufacturing costs per unit: Direct materials $23 $7 Direct labor $4 Variable manufacturing overhead Fixed manufacturing overhead $110,000 per year . Selling and administrative expenses Variable selling and administrative per unit sold Fixed selling and administrative per year $4 $35,000 Osprey started the year with no units in beginning inventory. During the year Osprey produced 11,000 units and sold 9,000 units, Assuming Osprey uses absorption costing, what was the cost per unit in 2020? 1.003 Question 2 0 / 1 pts Assuming Osprey uses variable costing, what was the cost per unit in 2020? Question 3 0 / 1 pts Assuming Osprey uses absorption costing, what was Cost of Goods sold for 2020? Assuming Osprey uses variable costing, what was Cost of Goods sold for 2020? Question 5 0/1 pts Assume Osprey uses absorption costing. Companies that use absorption costing prepare a traditional format income statement. What amount would be reported as gross margin on Osprey's 2020 traditional format income statement? Question 6 0 / 1 pts Assume Osprey uses variable costing. Companies that use variable costing prepare a contribution margin format income statement. What amount would be reported as contribution margin on Osprey's 2020 contribution format income statement