Required information The following information applies to the questions displayed below.] Diego Company manufactures one product that is sold for $74 per unit. The following information pertains to the company's first year of operations in which it produced 45,000 units and sold 40,000 units. Variable costs per unit: Manufacturing: Direct materials 24 Direct labour 18 Variable manufacturing overhead B Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead $585,000 Fixed selling and administrative expenses $423, 060 7. What is the amount of the difference between the variable costing and absorption costing net operating incomes (losses)? * Answer is not complete. Difference of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) 5 (48,000) Add: Fixed manufacturing overhead cost deferred in inventory under absorption costing Absorption costing net operating income (loss