Required Information The following information applies to the questions displayed below) Diego Company manufactures one product that is sold for $eo per unit. The following information pertains to the company's first year of operations in which it produced 40,000 units and sold 35,000 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 24 14 2 4 $ $800,000 5496,000 10. What would have been the company's absorption costing net operating Income (loss) if it had produced and sold 35,000 units? $ Direct labour Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expenses 14 2 4 $ 5800,000 $496,000 10. What would have been the company's absorption costing net operating income (loss) if it had produced and sold 35,000 units? s 2,800,000 DIEGO COMPANY Income Statement Sales Cost of Goods Sold: Variable cost of goods sold $ 1.400.000 Fored manufacturing overhead 800,000 2,200,000 000.000 Gross margin Seling and Administrative Expenses Variable selling and administrative Fixed selling and administrative Net operating loss 400.000 $ $ 400.000 104.000