Quest Com Question 4 Dana Company manufaches and as a single product. The Sllowing costs incurred during the company's year of Variable costs per unit Manufacturing Direct materials $20 Direct labor 38 Variable manufacturing overhead 53 Variable selling and administrative 33 Fixed costs per year: Fixed manufacturing overhead $250,000 Fixed selling and administrative expenses $ 120,000 During the year, the company produced 18,000 units and sold 15,000 units. The selling price of the company's product is 165 pu Required: Assume that the company uses absorption costing: a) Compute the unit product cost. (3 marks) b) Prepare an income statement for the year (use the detailed format of income statement which shows the cakton of the cost of For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac B Paragraph Arial 10pt 2 I x D D Q