Required information [The following information applies to the questions displayed below.] Diego Company manufactures one product that is sold for $76 per unit. The following information pertains to the company's first year of operations in which it produced 47,000 units and sold 42,000 units. Variable costs per unit: Manufacturing: Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative: Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expenses 26 10 2 4 $987,000 $475,000 Required: 1. What is the unit product cost under variable costing? Unit product cost Required information. [The following information applies to the questions displayed below.] Diego Company manufactures one product that is sold for $76 per unit. The following information pertains to the company's first year of operations in which it produced 47,000 units and sold 42,000 units. Variable costs per unit: Manufacturing: Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expenses 26 10 $ 2 4 $987,000 $475,000 2. What is the unit product cost under absorption costing? Unit product cost Required information [The following information applies to the questions displayed below.) Diego Company manufactures one product that is sold for $76 per unit. The following information pertains to the company's first year of operations in which it produced 47,000 units and sold 42,000 units. Variable costs per unit: Manufacturing: Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expenses 26 $ 10 $ 2 4 $987,000 $475,000 3. What is the company's total contribution margin under variable costing? Total Contribution margin Required information [The following information applies to the questions displayed below.] Diego Company manufactures one product that is sold for $76 per unit. The following information pertains to the company's first year of operations in which it produced 47,000 units and sold 42,000 units. Variable costs per unit: Manufacturing: Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expenses 26 10 2 4 $987,000 $475,000 4. What is the company's net operating income under variable costing? Net operating income: Net operating loss [The following information applies to the questions displayed below.] Diego Company manufactures one product that is sold for $76 per unit. The following information pertains to the company's first year of operations in which it produced 47,000 units and sold 42,000 units. Variable costs per unit: Manufacturing: Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative: Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expenses 26 $ 10 $ 2 $ 4 $987,000 $475,000 5. What is the company's total gross margin under absorption costing? Total gross margin 10 Required information: [The following information applies to the questions displayed below.] Diego Company manufactures one product that is sold for $76 per unit. The following information pertains to the company's first year of operations in which it produced 47,000 units and sold 42,000 units. Variable costs per unit: Manufacturing: Direct materials Direct labour Variable manufacturing overhead. Variable selling and administrative. Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expenses $ 26 $ 10 $ 2 $ 4 $987,000 $475,000 6. What is the company's net operating income (loss) under absorption costing? 10 Required information [The following information applies to the questions displayed below.] Diego Company manufactures one product that is sold for $76 per unit. The following information pertains to the company's first year of operations in which it produced 47,000 units and sold 42,000 units. Variable costs per unit: Manufacturing: Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative Fixed costs per year: 25 Fixed manufacturing overhead. Fixed selling and administrative expenses 26 $ 10 $ 2 $ 4 $987,000 $475,000 7. What is the amount of the difference between the variable costing and absorption costing net operating incomes (losses)? Difference of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Absorption costing net operating income (loss) [The following information applies to the questions displayed below.] Diego Company manufactures one product that is sold for $76 per unit. The following information pertains to the company's first year of operations in which it produced 47,000 units and sold 42,000 units. Variable costs per unit: Manufacturing: Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expenses $ 26 $ 10 $ 2 $ 4 $987,000 $475,000 1. What is the company's break-even point in unit sales? Break even point units 2. Is it above or below the actual sales volume? Above Below Required information [The following information applies to the questions displayed below.) Diego Company manufactures one product that is sold for $76 per unit. The following information pertains to the company's first year of operations in which it produced 47,000 units and sold 42,000 units. Variable costs per unit: Manufacturing: Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expenses- 26 $ 10 $ 2 $ 4 $987,000 $475,000 9. What would have been the company's variable costing net operating income (loss) if it had produced and sold 42,000 units? Required information [The following information applies to the questions displayed below.] Diego Company manufactures one product that is sold for $76 per unit. The following information pertains to the company's first year of operations in which it produced 47,000 units and sold 42,000 units. Variable costs per unit: Manufacturing: Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expenses $ 26 $ 10 $ 2 $ 4 $987,000 $475,000 10. What would have been the company's absorption costing net operating income (loss) if it had produced and sold 42,000 units?