Honor Corporation began operations at the start of the current year. Planned and actual production equaled 20,000 units, and sales totaled 17,500 units at $95 per unit. Cost data for the year were as A. Compute the company's total cost for the year. ( 2 marks) B. How much of the above cost that you calculated in part A would be held in inventory under (i) absorption costing and (ii) variable costing? ( 4 marks) C. How much of the company's total costs for the year would appear on the period's income statement under (i) absorption costing and (ii) variable costing? ( 2 marks) D. From a product costing perspective, explain the difference between absorption and variable costing