Diego Company manufactures one product that is sold for $80 per unit. The following information pertains to the companys first year of operations in which it produced 51,000 units and sold 46,000 units.

5:34 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 WNO $816,000 $480,000 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 5. What is the company's total gross margin under absorption costing? Total gross margin