Required information Exercise 19-3 (Algo) 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 for its first year of operations. The company produced 46,000 units and sold 38,000 units at a price of $140 per unit. Direct materials Direct labor Varlable overhead Fixed overhead Variable selline and administrative expenses 360 per unit Fixed selling and administrative expenses $22 per unit 58 per unit \$ 552,000 per year \& 11 per unit $100,000 per year Exercise 19-3 (Algo) Part 2a 20. Assume the company uses variable costing. Determine its total product cost per unit. Variable overhead per unit Exercise 19-3 (Algo) Part 2a 2a. Assume the company uses variable costing. Determine its total product cost per unit