Assume that a company sells only one product for a price of $130 per unit. The company's variable manufacturing costs are $80 per unit, its fixed manufacturing overhead is $24 per unit, and its variable selling expense is $12 per unit Based solely on the information given, what is the company's contribution margin per unit under variable costing? Multiple Choice $38 $14 $50 $26 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 $38,000 $32,000 $28,000 $52,000