cost accounting

Middle East Paper Company planned and actually manufactured 455,000 units of its single product in 2016. Its first year of operations. Variable Manufacturing cost was Sr. 80 per unit produced. Variable operating cost was SR. 45 per unit sold. Planned and actual fixed manufacturing cost was SR. 10,00,000. Planned and actual fixed operating cost was SR. 300,000. Middle East Paper Company actually sold 150,000 units for SR. 400 each. You are required to calculate operating income by using a) Absorption Costing b) Variable Costing c) Justify individually which kind of the above costing is most appropriate for business and why