Required information [The following information applies to the questions displayed below.] Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 42,000 units and sold 34,000 units at a price of $130 per unit. Fixed overhead for the year Manufacturing costs Direct materials per unit Direct labor per unit Variable overhead per unit Selling and administrative costs es es es is $ 54 $ 20 6 $462,000 Variable selling and administrative cost per unit Fixed selling and administrative cost per year $ 11 $115,000 1a. Assume the company uses absorption costing. Determine its product cost per unit. Per unit product cost using: Total cost per unit Absorption costing