Variable vs. Absorption Costing Week 6 Homework Go Red Sox! Buddy's Baseball Bat Manufacturing produced 80,000 baseball bats in 2005. The company sold 60,000 bats at a selling price of $50 a bat. The company had the following costs related to the production of 80,000 bats. $800,00 Direct Materials $400,00 Direct Labor $250,00 Variable Overhead C $200,00 Fixed Overhead $250,00 Variable Selling/Admin C $200,00 Fixed Selling/Admin 1) Calculate the unit COGS under both absorption and variable costing. 2) Prepare an Income Statement under both absorption and variable costing