Sims Company, a manufacturer of tablet computers, began operations on January 1, 2019. Its cost and sales information for this year follows. Manufacturing costs Direct materials Direct labor Overhead costs Variable $ $ 30 per unit 50 per unit $ Fixed $ 20 per unit (per $8,400,000 year) $ 800,000 $4,250,000 Selling and administrative costs for the year Variable Fixed Production and sales for the year Units produced Units sold Sales price per unit 105,000 units 75,000 units 360 per unit $ 1. Prepare an income statement for the year using variable costing. 2. Prepare an income statement for the year using absorption costing. Vijay Company reports the following information regarding its production costs. $ $ 11.00 per unit 21.00 per unit Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead Units produced 11.00 per unit $ 270,000 30,000 units Compute its product cost per unit under absorption costing. (Round your answer to 2 decimal places.) Product cost per unit