Super Bike Manufacturing Company presents the following data for year 2016:

• Opening inventory: 0 Units
• Sales: 8,000 Units
• Production: 10,000 Units
• Closing inventory:2,000 Units
• Direct materials:$240
• Direct labor:$280
• Variable manufacturing overhead expenses:$100
• Variable selling and administrative expenses:$40
• Fixed manufacturing overhead expenses:$1200,000
• Fixed selling and administrative expenses:$800,000

Required:Using the data given above, compute the unit product cost of one bike under:

1. absorption costing system.
2. variable costing system.