The Dean Corporation produces and sells a single product. The following data refer to the year just completed Beginning inventory Units produced Units sold 28,300 26,600 $ 446 $ 15 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 31 Fixed manufacturing overhead (total) 478,800 $252 $57 $594,300 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 Cost per unit Absorption costing Variable costing