What is the unit product cost under variable costing

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Problem

Magic Company manufactures a single product. The following data pertains to the company's operation last year: Variable costs per unit: Selling price per unit Production Selling and administrative Fixed costs in total: Production Selling and administrative P24 PB 2 P48,000 P36,000 At the beginning of the year there was no units in inventory. A total of 12,000 units were produced during the year and 10,000 units were sold. What is the unit product cost under variable costing? Get the instant assignment help. Under absorption costing? What would be the net income under variable costing?

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