Qiu Company, a new business producing only one product, has provided the following data concerning its first month of operations: Selling price $210 Units produced Units sold 4,000 3,800 Variable costs per unit: - Direct materials - Direct labour - Variable manufacturing overhead - Variable selling and administrative $40 $35 $5 $8 Fixed costs: - Fixed manufacturing overhead - Fixed selling and administrative $136,000 $8,000 Required: (a) What is the unit product cost for the month under Variable Costing? (5 marks) (b) Prepare an Income Statement for this month using Variable Costing. (20 marks) (c) Without preparing an Income Statement based on Absorption Costing, determine the Absorption Costing net operating income for this month