Bills Manufacturing makes metal lens holders for digital movie projectors. The following schedule shows budgeted monthly data for Septemb5er 2020. Planned production 1,700 units Variable costs of manufacturing $50 per holder Variable selling and administrative costs $9 per holder Fixed manufacturing overhead $70,000 Fixed selling and administrative costs $50,000 During October 2020, Bills Manufacturing posted the following results: Sales 1,500 units Beginning inventory 200 units Production 1,700 units Price per holder $175 All costs in September and October were as budgeted, with production in September also equalling 1,700 units. Required a. Calculate the full product cost of one lens holder. (2) b. Calculate the difference between absorption costing net income and variable costing net income for October 2020. (5) c. Prepare an absorption costing income statement for October 2020 in good format. (9) (Disclose all necessary supporting calculation steps or 0 mark will be given)