Sawicki Corporation manufactures and sells one product. The following information pertains to the company$$s first year of operations:

Variable cost per unit:

Direct materials $ $93$

Fixed costs per year:

Direct labor $ $250,000$

Fixed manufacturing overhead $ $1,550,000$

Fixed selling and administrative expenses $ $666,000$

The company does not have any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, the company produced $25,000$ units and sold $18,000$ units. The company$$s only product is sold for $$224$ per unit.

Required:

Assume the company uses super$-$variable costing. Compute the unit product cost for the year and prepare an income statement for the year.

Assume that the company uses an absorption costing system that assigns $$10$ of direct labor cost and $$62$ of fixed manufacturing overhead to each unit that is produced. Compute the unit product cost for the year and prepare an income statement for the year.