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 $150 per unit. Manufacturing costs Direct materials per unit Direct labor per unit Variable overhead per unit Fixed overhead for the year 25 $546,000 12 Selling and administrative costs Variable selling and administrative cost per unit Fixed selling and administrative cost per year $120,000 1a. Assume the company uses absorption costing. Determine its product cost per unit. er unit product cost using: Absorption costing Cost per unit