Walsh Company manufactures and sells one product. The following information pertains to each of the company's first two years of operations: Variable costs per unit: Manufacturing 23 Direct materials 17 Direct labor Variable manufacturing overhead 4 3 Variable selling and administrative Fixed costs per year Fixed manufacturing o 320,000 Fixed selling and administrative expenses 70,000 During its first year of operations, Walsh produced 50,000 units and sold 40,000 units. During its second year of operations, it produced 40,000 units and sold 50,000 units. The selling price of the company's product is $60 per unit. Required: 1. Assume the company uses variable costing a. Compute the unit product cost for year 1 and year 2 Year 1 Year 2 Unit product cost