Income Statements under Absorption and Variable Costing In the coming year, Kalling Company expects to sell 28,700 units at $44 each. Kalling's controller provided the following information for the coming year. Units production 30,000 Unit direct materials $13.83 Unit direct labor $3.82 Unit variable overhead $2.29 Unit fixed overhead* $3.48 Unit selling expense (variable) $2.00 $65,500 Total fixed selling expense 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. $ 23.4 per unit 2. Calculate the cost of one unit of product under variable costing. Round to the nearest cent. $ 19.95 X per unit 3. Calculate operating income under absorption costing for next year. $ 4. Calculate operating income under variable costing for next year