7.

Income Statements under Absorption and Variable Costing In the coming year, Kalling Company expects to sell 28,700 units at $32 each. Kalling's controller provided the following information for the coming year: * The unit fixed overhead is based on 30,000 units produced. Required: 1. Calculate the cost of one unit of product under absorption costing. $ 2. Calculate the cost of one unit of product under variable costing. $ 3. Calculate operating income under absorption costing for next year. $ 4. Calculate operating income under variable costing for next year. Income Statements under Absorption and Variable Costing In the coming year, Kalling Company expects to sell 28,700 units at $32 each. Kalling's controller provided the following information for the coming year: * The unit fixed overhead is based on 30,000 units produced. Required: 1. Calculate the cost of one unit of product under absorption costing. $ 2. Calculate the cost of one unit of product under variable costing. $ 3. Calculate operating income under absorption costing for next year. $ 4. Calculate operating income under variable costing for next year