Problem 3 A small company that produces a single product has the following cost structure: Number of units produced is 6,000 Direct Materials is $2.00 per unit Direct Labor is $4.00 per unit Variable Manufacturing overhead is $1.00 per Unit Variable selling and Administrative Expenses is $3.00 per unit Manufacturing Overhead is fixed for $30,000 per year Selling and Administrative Expenses is $10,000 per year fixed 1.) Compute the unit product cost under absorption costing method. 2.) Compute the unit product cost under variable/marginal costing method.