Harper Company has $60$ units in Finished Goods Inventory at the beginning of the accounting period. During the accounting period, Harper Company produced $250$ units and sold $310$ units for $$230$ each. All units incurred $$85$ in variable manufacturing costs and $$15$ in fixed manufacturing costs. Harper Company also incurred $$7,000$ in Selling and Administrative Costs, all fixed. Calculate the operating income for the year using absorption costing and variable costing.

Calculate the total product cost per unit produced under absorption costing and under variable costing.

$\backslash$table$[[,\backslash$table$[[$Absorption$],[$costing$]],\backslash$table$[[$Variable$],[$costing$]]],[$Total product cost per unit,,$]]$

Calculate the operating income for the year using absorption costing.

Absorption costing

Operating Income

Calculate the operating income for the year using variable costing.

Variable costing