The Dean Corporation produces and sells a single product. The following data refer to the year just completed: Beginning inventory Units produced Units sold 34,100 28,100 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 Fixed manufacturing overhead (total) 452 23 S 393,400 $ 208 58 38 $ 716,100 $ 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