TheraBody Inc. best selling product is a Theragun, which retails for $400 per unit. In 2022, 20,000 units were produced but only 18,500 units were sold. TheraBody's cost of direct materials is $60 per unit, and their direct labor costs are $30 per unit. The cost per unit for variable manufacturing overhead is $32 per unit, and total fixed manufacturing overhead is $480,000. Fixed selling and administrative costs are $600,000. Variable selling and adminstrative costs are $22 per unit.

a. Calculate the manufacturing cost per unit under absorption costing and prepare an income statement using absorption costing

b. Calculate the manufacturing cost per unit under variable costing and prepare an income statement using variable costing.