Required Information Exercise 6-3 (Algo) Income statement under absorptlon costing and varlable costing LO P1, P 2 [The following information applies to the questions displayed below] Cool Sky reports the following for its first year of operations. The company produced 42,000 units and sold 34.000 units at a price of $120 per unit Exercise 6-3 (Algo) Part 1a 10. Assume the company uses absorption costing. Determine its total product cost per unit. Requlred Information Exerclse 6-3 (Algo) Income statement under absorptlon costing and varlable costing LO P1, P 2 [The following information applies to the questions displayed below] Cool Sky reports the following for its first year of operations. The company produced 42,000 units and sold 34,000 units at a price of $120 per unit. Exercise 6-3 (Algo) Part 1b 1b. Assume the company uses absorption costing. Prepare its income statement for the year under absorption costing Exercise 6-3 (Algo) Part 2a 20. Assume the company uses variable costing. Determine its total product cost per unit. Requlred Information Exercise 6-3 (Algo) Income statement under absorptlon costing and varlable costing LO P1, P 2 [The following information applles to the questions displayed below] Cool Sky reports the following for its first year of operations. The company produced 42,000 units and sold 34,000 units at a price of $120 per unit. Exercise 6-3 (Algo) Part 2b 2b. Assume the company uses variable costing. Prepare its income statement for the year under varlable costing