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Finch Corporation reports the following first year production cost information produced 42.000 units Units sold 10,000 units Sales price $325 per unit Direct Labor $35

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Finch Corporation reports the following first year production cost information produced 42.000 units Units sold 10,000 units Sales price $325 per unit Direct Labor $35 per unit Direct materials $19 per unit Variable overhead $1.260,000 in total Fred overhead $3,150,000 in total Operating expenses (all fixed) $1,000,000 Complete the requirements below, showing as much of your work as is practical! a-Compute production cost per unit under variable costing. b-Compute production cost per unit under absorption costing, c-Determine the net income using variable costing. d-Determine the net income using absorption costing. e-Explain the reason for the difference in net income under absorption and variable costing

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