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Cool Sky reports the following for its first year of operations. The company produced 44,000 units and sold 36,000 units at a price of $140 per unit.

Direct materials	$ 60	per unit
Direct labor	$ 22	per unit
Variable overhead	$ 8	per unit
Fixed overhead	$ 528,000	per year
Variable selling and administrative expenses	$ 11	per unit
Fixed selling and administrative expenses	$ 100,000	per year

Required information Exercise 6-3 (Algo) Income statement under absorption costing and variable costing LO P1, P2 The following information applies to the questions dispiojed below] Cool Sky reports the foliowing for its first year of operations. The company produced 44,000 units and sold 36,000 units at a price of $140 per unit. Exercise 6-3 (Algo) Part 1b 10. Assume the company uses absorption costing Prepare its income statement for the year under absorption costing. Required information Exercise 6-3 (Algo) Income statement under absorption costing and variable costing LO P1, P2 The following information applies to the questions displayed below] Cool Shy reports the following for its first year of operations. The company produced 44,000 units and sold 36,000 units at a price of $140 per unit. Exercise 6-3 (Algo) Part 1a 1a. Assume the company uses absorption costing. Determine its total product cost per unit. Required information Exercise 6-3 (Algo) Income statement under absorption costing and variable costing LO P1, P2 The following information applies to the questions displayed below] Cool Sixy reports the following for its first year of operations. The company produced 44,000 units and sold 36,000 units st a price of $140 per unit. Exercise 6-3 (Algo) Part 2a 2a. Assume the compary uses varable costing. Determine its total product cost per unit. Required information Erercise 6-3 (Algo) Income statement under absorption costing and variable costing LO P1, P2 [The following information applies to the questions displayed below] Cool Sicy reports the following for its first year of operations. The company produced 44,000 units and sold 36,000 units at a price of $140 per unit. Exercise 6-3 (Algo) Part 2b 2b. Assume the company uses variable costing. Prepare its income statement for the year under variable costing

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