1) The Yard Company is located in Toronto, Ontario. The company sells its product for $50 per unit. The variable costs per unit include: $16 for manufacturing, and $6 for selling and administrative. The company's fixed costs are: $250,000 manufacturing overhead, and $100,000 selling and administrative. There is beginning inventory of 6,000 units and the company wants 12,000 units in ending inventory. The expected sales for next year are 50,000 units. Calculate what the manufacturing cost per unit is under absorption costing and variable costing. Explain why the net income may be different between absorption and variable costing