Diego Company manufactures one product that is sold for $71 per unit. The following information pertains to the company's first year of operations in which it produced 54,000 units and sold 49,000 units. Variable costs per unit: Manufacturing: Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expenses 22 12 3 5 $ $864,000 $586,000 Required: 1. What is the unit product cost under variable costing? Unit product cost 2. What is the unit product cost under absorption costing? Unit product cost 3. What is the company's total contribution margin under variable costing? Total Contribution margin 4. What is the company's net operating income under variable costing? 5. What is the company's total gross margin under absorption costing? Total gross margin 6. What is the company's net operating income (loss) under absorption costing? 7. What is the amount of the difference between the variable costing and absorption costing net operating incomes (losses)? Difference of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Absorption costing net operating income (loss) 1. What is the company's break-even point in unit sales? Break even point units 2. Is it above or below the actual sales volume? Above O Below 9. What would have been the company's variable costing net operating income (loss) if it had produced and sold 49,000 units? 10. What would have been the company's absorption costing net operating income (loss) if it had produced and sold 49,000 units