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ABC Company sells one product and reported the following: Total Per Unit Sales $120,000 $30 Variable expenses 72.000 19 Contribution margin 48,000 $12 Fixed expenses 32.000 Net operating income $16.000 ABC would like to increase its selling price by $2 per unit, and feels that this would decrease unit sales volume by 5%. If this change is made, ABC's net operating income is expected to be: $17,600 $21,200 $23,600 $22,800 During its first year of operations, ABC Company produced 8,000 units and sold 6,000 units. The unit selling price was $28. The costs were: Variable costs per unit: Direct materials Direct labor Variable Manufacturing overhead Variable Selling and administrative costs $4.00 $3.50 $7.00 $3.00 Fixed costs for the year: Fixed manufacturing overhead Fixed selling and administrative Using absorption costing, gross profit is: $30,000 $16,000 $63,000 $58,500 $51,000 $81,000 ABC Company produces a single product. Ouring July, ABC produced 5,000 units. Costs incurred during the month were as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative Fixed selling and administrative $20,000 40,000 10,000 18,000 6,000 8,000 What is the total period cost for the month under variable costing? $42.000 $32,000 O$14.000 $70,000