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Question 1: (75 points): Norvath, Inc. began operations at the start of the current year, having a production target of 60,000 units. Actual production totaled 60,000 units, and the company sold 57,000 units of its manufacturing output at $50 per unit. The following costs were incurred: $ Manufacturing: Direct material used 120,000 Direct labor 240,000 Variable manufacturing overhead 180,000 Fixed manufacturing overhead 300,000 Selling and administrative: Variable Selling and administrative 90,000 Fixed Selling and administrative 315,000 Finished-goods inventory, January 1 None Required: Summarize your final answer in the attached table. A. Calculate total inventoriable cost (product cost) using variable costing. B. Calculate total inventoriable cost (product cost) using absorption costing. C. Which costing methods, absorption or variable costing, would show a higher operating income for the year? By what amount