The following information is for Busi2101 Inc. for 2021

Beginning inventory (units)	0
Units Produced	10,000
Units Sold	8,600
Costs per unit:
Direct materials	4.00
Direct labour	2.00
Variable overhead	0.75
Fixed overhead	2.00
Variable selling expenses	1.50
Fixed Selling and Administrative Costs	12,150

The price for the product is $40 per unit.

Required:

Calculate the cost per unit under absorption costing.

Calculate the cost per unit under variable costing.

create an income statement using absorption costing.

create an income statement using variable costing.