Manufacturing Company produces a single product Management budgeted the following costs for first year of These costs are based on a budgeted volume of 4300 units produced and solde Direct materials Direct labor $28.000 $14.000 Produd Cost = $1,000 Manufacturing overhead Variable Fixed Selling and administrative Variable Fixed $56,000 563.000 $7,000 $42,000 uring the first year of operations, Mediocre actually produced 4,000 units but only sold 3,500 units. Actual costs did not Portugieff e cost behavior patterns described above. The 3,500 units were sold for 572 per unit. What is the total cost that would be assigned to Mediocres finished goods inveniry at the end of the first year of operations mer e absorption costing method? ist Unit Product Cost ,000/4.00 Ounits - .. $12.250 $20.125 . $23,000 . $26,250 None of the above and Total Cost of ending Finished as ho. unit product cost * = $40.35 (4000-5500 20,125) v Under the variable costing method, what is Mediocre's actual net operating income for its first year?! A. $42.000 B. $24,250 C. $55,125 D. $63.000 E. None of the above What is Mediocre's NOI under absorption costing? A. $55,125 B. $63,000 C. $47,250 D. $64,000 E. None of the above