Question 24Sproull Inc., which produces a single product, has provided the following data for its mo

Question 24Sproull Inc., which produces a single product, has provided the following data for its most recent month of operation:Number of units produced2,000Variable costs per unit: Direct materials$21 Direct labor$75 Variable manufacturing overhead$7 Variable selling and administrative expenses$6Fixed costs: Fixed manufacturing overhead$116,000 Fixed selling and administrative expenses$40,000The company had no beginning or ending inventories.Required:a. Compute the unit product cost under absorption costing.b. Compute the unit product cost under variable costing.