The Dean Corporation produces and sells a single product. The following data refer to the year just completed Beginning inventory Units produced Units sold Selling price per unit Selling and administrative expenses Variable per unit Fixed (total) Manufacturing costs Direct materials cost per unit Direct labor cost per unit Variable manufacturing overhead cost per unit $36 Fixed manufacturing overhead (total) 30,300 24,700 $ 465 25 $469,300 $ 211 $ 53 $454,500 Assume that direct labor is a variable cost. Required a. Compute the cost of a single unit of product under both the absorption costing and variable costing approaches. ost per un Absorption costi Variable costi b. Prepare an income statement for the year using absorption costing Absorption Costing Income Statemen 0 0 c. Prepare a contribution format income statement for the year using variable costing Variable Costing Income Statement Variable expenses: Fixed expenses