25 QUESTION 1 Zabina Corporation has provided the following for the period March 2020: Sales price per unit: $130 Units produced: 20,000 Units sold: 18,000 Direct labor cost per unit: $26 Direct material cost per unit: $24 Variable Manufacturing overhead per unit: $12 Variable Selling and Admin cost per unit: $14 Fixed Manufacturing overhead: $440,000 Fixed Selling and Admin cost: $140,000 Required: Show all calculations 1. Assume the company uses variable costing method: a. Calculate the unit product cost under variable costing method. (4 marks) b. Prepare variable costing income statement. (10 marks) 2. Assume the company uses absorption costing method a. Calculate the unit product cost under absorption costing method. (5 marks) b. Prepare absorption costing Income statement. (8 marks) 3. Reconcile the net operating income (loss) under the variable costing method with the net operating income (loss) under the absorption costing method. (3 marks) Kindly paste the tables given below to fill your answers Click Save and Submit to save and submit. Click Save All Answers to save all answers, Save All Answers VARDAL ABSORPTION UNIT Product Unit producto