Final answer:
To answer the question, you would calculate the unit product cost by adding all manufacturing costs and dividing by the number of units produced. An income statement would include total revenues, cost of goods sold, gross margin, and net income. Without specific cost data provided in the question, actual calculations cannot be performed.
Step-by-step explanation:
The question asks for the calculation of unit product cost and the preparation of an income statement for a hypothetical company using absorption costing. To calculate the unit product cost, we would need to sum up all manufacturing costs (both variable and fixed) and divide by the total number of units produced. Unfortunately, as the cost information is not given in the question, this formula is just a guideline. An income statement would typically include total revenues, costs of goods sold (based on the unit product cost and the number of units sold), gross margin, selling and administrative expenses, and net income. Without the specific costs and expenses, we can't provide an actual income statement for the company. However, for the purpose of example and understanding, the unit product cost could be calculated if we had the costs, as mentioned above, and the income statement constructed accordingly with the inclusion of revenues, costs, and profits or losses.