During the first year of operations, 18,000 units were manufactured and 13,500 units were sold. On August 31, Olympic Inc. prepared the following income statement based on the variable costing concept:
Olympic Inc.
Variable Costing Income Statement
For Year Ended August 31, 20-- 
Determine the unit cost of goods manufactured, based on a) the variable costing concept and b) the absorption costing concept.
Definitions:
SA Node
Sinoatrial node; the heart's natural pacemaker, located in the right atrium, it initiates the electrical impulses that dictate the heart rate.
Cardiovascular System
The body's system comprising the heart and blood vessels, responsible for circulating blood and oxygen throughout the body.
Electrical Shock
A sudden discharge of electricity through a part of the body, causing injury or potentially fatal effects depending on the voltage and duration of contact.
Steth/o
A prefix relating to the chest, often used in terms related to medical examination of the chest, e.g., stethoscope.
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