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 46,000 units and sold 38,000 units at a price of $140 per unit. Direct materials $ 60 per unit Direct labor $ 22 per unit Variable overhead 58 per unit Fixed overhead $ 552,000 per year Variable selling and administrative expenses $ 12 per unit Fixed selling and administrative expenses $ 110,000 per year _a. Assume the company uses variable costing. Determine its total product cost per unit Por unit product cost using: Variable costing Total product cost per unit 0 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 46,000 units and sold 38,000 units at a price of $140 per unit Direct materials Direct Labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses $ 60 per unit 5.22 per unit $ 8 per unit $ 552,000 per year $ 12 per unit $ 110,000 per year 2b. Assume the company uses variable costing. Prepare its income statement for the year under variable costing Income Statement Variable Costlog) DEL LODU Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses per VILL $ 8 per unit $ 552,000 per year $ 12 per unit $ 110,000 per year 2b. Assume the company uses variable costing. Prepare its income statement for the year under variable costing Income Statement (Variable Costing) Income