Q3 14 Points Singletary Inc. makes and sells footballs. In 2018, the company made 120,000 footballs and sold 72,000 of them, at an average selling price of $75 per unit. Mice Singletary, the founder and CEO of the company provides you with the following additional Information pertaining to 2018: Direct materials Direct manufacturing labor Variable manufacturing costs Sales commissions Fixed manufacturing costs Administrative expenses, all fixed $24 per unit S9 per unit $3.50 per unit $4.00 per unit $1,020,000 per year $250,000 per year Q3.1 2 Points What is the inventoriable cost per unit under variable costing? What is the operating income? Clearly show your working No fles uploaded Q3.2 2 Points What is the inventorlable cost per unit using under absorption costing? What is the operating Income? Clearly show your working No fles uploaded Q3.3 2 Points In 2019, the company made 130,000 footballs and sold 72,000 of them, at an average selling price of $75 per unit. Assume all costs (Manufacturing and non- manufacturing costs were the same as in 2018 and that the company uses First-in-First-Out (FIFO) method. What is the operating Income under variable costing? What is the value of the ending inventory under variable casting? Clearly show your working