Love Companys actual costing records for the year ended December 31 are shown below. There was no finished goods inventory at January 1, and there were no work-in-process inventories at the beginning and end of the year.

Net sales $ 1,600,000

Cost of goods manufactured: Variable $ 630,000

Fixed $ 315,000

Operating expenses: Variable $ 98,000

Fixed $ 130,000

Units manufactured 70,000

Units sold 60,000

Under absorption costing, what is the product cost per unit?

Under direct/variable costing, what is the product cost per unit?

Under the absorption costing method, Loves operating income for the year is?

Under the direct/variable costing method, Loves operating income for the year is?