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. Prepare an income statement using absorption costing. Prepare an income statement using variable costing

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