Assume a company's unit product cost under absorption costing includes $12 of fixed manufacturing overhead per unit. In its first year of the operations, the company produced 12,500 units and sold 11,500 units and it reported absorption costing net operating income of $40,000. What was the company's variable costing net operating income during its first year of operations? Multiple Choice $28.000 O $32,000 $52,000 $38.000 Assume that a company's variable manufacturing costs per unit are $80, its fixed manufacturing overhead is $24 per unit, and its variable selling expense is $12 per unit. What is the company's unit product cost under absorption costing Multiple Choice $116 $104 $92 S80