a) Calculate per unit product cost under variable costing b) Calculate per unit product cost under absorption costing c) Prepare an income statement for the month using variable costing d) Prepare an income statement for the month using absorption costing. Far East Telecom Lid. has organized a new division to manufacture and sell mobile telephones. Monthly costs associated with the mobile phones and with the plant in which the mobile phones are manufactured are as shown below: Manufacturing costs: Variable costs per unit: Direct Materials $48.00 Variable manufacturing overheads $2.00 Fixed manufacturing overheads $3,60,000 Selling and administrative costs: Variable 12% of sale Fixed (Total) $4.70,000 Far East Telecom regards all of its workers as fulltime employees, and the company has a longstanding no layoff policy. Furthermore, production is highly automated. Accordingly, the company has included in its fixed manufacturing overheads all of its labor costs. The mobile phones sell for $150 each. During, September, the first month of operations, the following activity was recorded: Units produced 12,000 Units sold 10,000