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Required information The following information applies to the questions displayed below) Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 44,000 units and sold 36,000 units at a price of $140 per unit. Manufacturing costa Direet materiale per unit Direct labor per unit Variable overhead per unit Fixed overhead for the year Selling and administrative costs Variable selling and administrative cost per unit Fixed selling and administrative cost per year $ 60 s 22 $ 8 $528,000 $ 10 $105,000 1a. Assume the company uses absorption costing. Determine its product cost per unit. Per unit product cost using: Absorption costing Total cost per unit Required information The forms to the questions displayed below! Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 44,000 units and sold 36,000 units at a price of $140 per unit Maturing met Miret material per unit et bor per wit Variable overhead per un Pied overhead for the year Selling and administrative costs Variable selling and administrative coat per unit Fixed atting and administrative coat per year 5 60 5 22 $ 8 $528,000 9 10 $105,000 1b. Assume the company uses absorption costing, Prepare its income statement for the year under absorption costing. COOL SKY Absorption Costing Income Statement Required information The following information applies to the questions displayed below) Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 44,000 units and sold 36,000 units at a price of $140 per unit. Manufacturing costs Direct materials per unit Direct labor per unit Variable overhead per unit Fixed overhead for the year Selling and administrative costs Variable selling and administrative cost per unit Fixed selling and administrative cost per year 60 $ 22 5 8 $528,000 $ 10 $105,000 2a. Assume the company uses variable costing. Determir its product cost per unit. Per unit product cost using Variable costing tal cost per unit Required information The follow me to me questions displayed below) Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 44,000 units and sold 36,000 units at a price of $140 per unit. Matering te Direct was perut Direct the per unit variable overhead per unit Find overhead for the year Being and administrative conte Variable selling and administrative coat per unit Fixed selling and adeinistrative coat per year 60 22 8 $528,000 $ 10 8105,000 26. Assume the company uses variable costing. Prepare its income statement for the year under variable costing, COOL SKY Variable Coating Income Statement