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6 Homework oved Hel Required Information Exercise 06-9 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 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 Pixed overhead for the year Selling and administrative conta Variable selling and administrative coat per unit Fixed selling and administrative cost per year 5 60 22 0 $528,000 $105,000 Exercise 06-9 Part 1a ta. Assume the company uses absorption costing. Determine its product cost per unit. Por unit product cost using Absorption coating Total cost per unit Exercise 06-9 Part 1b 1b. Assume the company uses absorption costing. Prepare its income statement for the year under absorption costing. COOL SKY Absorption Costing Income Statement 0 0 Not income (loss) 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 Pixed selling and administrative cost per year $ 60 $ 22 S 8 $528,000 of 4 $ 11 $105,000 Exercise 06-9 Part 2a Book 2a. Assume the company uses variable costing. Determine its product cost per unit. Per unit product cost using: Variable costing Hint Print Herences Total cost per unit 6 Homework Saved Variable selling and administrative cost per unit Fixed selling and administrative cost per year $ 11 $105,000 Exercise 06-9 Part 2b 2b. Assume the company uses variable costing. Prepare its income statement for the year under variable costing, COOL SKY Variable Costing Income Statement 0 es Net income (0)