Porta Light manufactures a high-quality LED flashlight for home/office use. Data pertaining to the company's operations for the year are as follows: Production for the year Sales for the year (sales price per unit, $8) Beginning inventory Costs to produce one unit (This year and prior year): Direct material Direct labor Variable overhead Fixed overhead Selling and administrative costs: Variable (per unit sold) Fixed (per year) 135,000 units 146,250 units 26.250 units $3.60 1.00 0.60 0.40 $0.40 $450,000 The FOH rate is based on units of production based on an expected production capacity of 300,000 units per year. a. What is budgeted annual fixed manufacturing overhead? $ b. If budgeted fixed manufacturing overhead equals actual fixed overhead, what is underapplied or overapplied fixed overhead for the year (1) under absorption costing? $ (2) under variable costing? $ c. What is the product cost per unit under (1) under absorption costing? $ (2) under variable costing? $ d. How much total expense is charged against revenues for the year (1) under absorption costing? $ (2) under variable costing? $ e. Is income higher under absorption or variable costing? By what amount? by $ O Porta Light manufactures a high-quality LED flashlight for home/office use. Data pertaining to the company's operations for the year are as follows: Production for the year Sales for the year (sales price per unit, $8). Beginning inventory Costs to produce one unit (This year and prior year): 135,000 units 146,250 units 26,250 units Direct material Direct labor Variable overhead Fixed overhead Selling and administrative costs: Variable (per unit sold) Fixed (per year) $3.60 1.00 0.60 0.40 $0.40 $450,000 The FOH rate is based on units of production based on an expected production capacity of 300,000 units per year. a. What is budgeted annual fixed manufacturing overhead? $ b. If budgeted fixed manufacturing overhead equals actual fixed overhead, what is underapplied or overapplied fixed overhead for the year (1) under absorption costing? $ (2) under variable costing? $ c. What is the product cost per unit under (1) under absorption costing? (2) under variable costing? S d. How much total expense is charged against revenues for the year (1) under absorption costing? $ (2) under variable costing? S e. Is income higher under absorption or variable costing? By what amount? by $