Variable and Absorption Costing Wilson Company manufactures tennis rackets. The following costs were incurred during the company's first year of operations: $ 200,000 $ 140,000 Direct Materials $15 Fixed manuf O/H Direct Labor $10 Fixed selling & admin Variable manufacturing O/H $ 4 Variable selling and admin $ 2 The company produced 25,000 rackets and sold 18,000 rackets for $70 each. Using absorption costing: Calculate the unit product cost Calculate operating income for the year Using variable costing: Calculate the unit product cost Calculate operating income for the year