MST Manufacturing Company produces a single product. Company's operations last year data as under: Units in beginning inventory ................................. 0 Units produced ...................................................... 5,000 Units sold ............................................................... 4,900 Selling price per unit ............................................. $200 Variable costs per unit: Direct materials.................................................. $60 Direct labor ......................................................... $70 Variable manufacturing overhead ...................... $5 Variable selling and administrative.................... $2 Fixed costs in total: Fixed manufacturing overhead ........................... $40,000 Fixed selling and administrative ........................ $60,000 Required: a. Compute the unit product cost under both absorption and variable costing. b. income statement for the year using absorption costing. c. income statement for the year using variable costing. d. Report reconciling the difference in net operating income between absorption and variable costing for the year.