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 21 Direct materials Direct labor 14 5 Variable manufacturing overhead Variable selling and administrative 4 Fixed costs per year: 320,000 Fixed manufacturing overhead Fixed selling and administrative expenses 90,000 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 $58 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