Junk & Disorderly Inc just opened and manufactures all the stuff that no one wants and makes it into the product of your dreams. The owner comes to you, Bob, managerial accountant/junk collector to analyze the following data. Manufacturing costs: Fixed overhead $150,000 Variable overhead $ 5 per junk Direct labor $ 10 per junk Direct material $ 10 per junk Junk produced 50,000 Junk sold 46,000 Selling and administrative costs: Fixed $300,000 Variable $ 8 per junk Junk sells for $60. Management is interested in the first years results and has asked you for an income statement. Required: A. Assuming the company uses absorption costing: Calculate the product cost per unit and prepare an income statement. B. Assume the company uses variable costing: Calculate the product cost per unit and reconcile the difference net income between the absorption costing and variable costing methods. C. Assume the company uses throughput costing: Calculate the product cost per unit and reconcile the difference between variable costing and throughput costing. D. Assume the company uses normal costing: And uses the budgeted volume of 60,000 units to allocate the fixed overhead rate rather than the actual production volume of 50,000 units. Calculate product cost per unit and prepare an income statement.