$!$

Required information

$[$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 $$110$ per unit.

Direct materials

Direct labor

Variable overhead

Fixed overhead

Variable selling and administrative expenses

fixed selling and administrative expenses

$$42$ per unit

$$16$ per unit

$$5$ per unit

$$378,$ge per year

$$10$ per unit

$$12,$ per year

$2$b$.$ Assume the company uses varlable costing. Prepare its income statement for the year under varlable costing.

$\backslash$table$[[$Income Statement $($Variable Costing$)],[,,],[,,],[,,],[,,],[,,],[,,],[,,]]$Required Information

$[$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 $$110$ per unit.

Direct materials

Direct labor

Variable overhead

Fixed overhead

Variable selling and administrative expenses

fixed selling and adninistrative expenses

$$42$ per unit

$5-6$$$16$ per unit

$ $5$ per unit

$$378,$ eae per year

$$20$ per unit

$ $120,$ ea per year

assume the company uses varlable costing. Determine its total product cost per unit.