N a blete Anle USA habis-old for $1,000 LC per unit in two markets: the USA and China. The company's fiscal 2017 operations data were as follows: - Sales 35.00 units - Production 40,000 units - Manufacturing Cost per unit: Direct Materials $ 150 Direct Labor $ 100 Variable Manufacturing Overhead $ 20 Fixed manufacturing Overhead $8,000,000 Selling and Administrative Expenses: Fixed for the year Variable expenses per unit $ 4,000,000 $ 30 Required: 1) Under Variable Costing. a) What is the unit product cost? [4 marks) b) What is the fiscal 2017 net operating income? [16 marks] 2) Under absorption costing. a) What is the unit product cost? (5 marks] b) What is the fiscal 2016 net operating income? [10 marks 3) What is the amount of the difference between the variable costing and absorption costing net operating incomes? Explain the cause of this difference? (5 marks]