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The following information is for Busi2101 Inc. for 2021 0 10,000 8,600 4.00 Beginning inventory (units) Units Produced Units Sold Costs per unit: Direct materials Direct labour Variable overhead Fixed overhead Variable selling expenses Fixed Selling and Administrative Costs 2.00 0.75 2.00 1.50 12,150 The price for the product is $40 per unit. Required: Calculate the cost per unit under absorption costing. Calculate the cost per unit under variable costing. Prepare an income statement using absorption costing. Prepare an income statement using variable costing