In the coming year, Kalling Company expects to sell 28,700 units at $38 each. Kalling's controller provided the following information for the coming year.

Units production	30,000
Unit direct materials	$11.94
Unit direct labor	$3.30
Unit variable overhead	$1.98
Unit fixed overhead*	$3.00
Unit selling expense (variable)	$2.00
Total fixed selling expense	$65,500
Total fixed administrative expense	$231,000
* The unit fixed overhead is based on 30,000 units produced.

Required:

1. Calculate the cost of one unit of product under absorption costing. Round to the nearest cent. $ per unit

2. Calculate the cost of one unit of product under variable costing. Round to the nearest cent. $ per unit

3. Calculate operating income under absorption costing for next year. $

4. Calculate operating income under variable costing for next year. $