S&B Company manufactures lawnmower blades. The following schedule shows budgeted monthly data for September 2020.

Planned production 1,700 units

Variable costs of manufacturing $50 per blade

Variable selling and administrative costs $9 per blade

Fixed manufacturing overhead $70,000

Fixed selling and administrative costs $50,000

During October 2020, the company had the following results:

Sales 1,500 units

Beginning inventory 200 units

Production 1,700 units

Price per blade $175

September and October actual costs were as budgeted. Production in September also equaled 1,700 units.

Required

a. Calculate the full product (absorption) cost of one blade. Round to two decimal places. (2 marks)

b. Calculate the variable cost of one blade. (1 mark)

c. Calculate the difference between absorption costing net income and variable costing net income for October 2020. (3 marks)