[The following information applies to the questions displayed below.] Cool Sky reports the following for its first year of operations. The company produced 42,000 units and sold 34,000 units at a price of $130 per unit. Direct materials Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses $ 54 per unit $20 per unit $ 6 per unit $ 462,000 per year $ 11 per unit 100,000 per year 1a. Assume the company uses absorption costing. Determine its total product cost per unit. Per unit product cost using: Total product cost per unit Absorption costing