Topeka, Inc. has provided the following information for the year. Units produced 14,000 units Sales price $700 per unit Direct materials $25 per unit Direct labor $45 per unit Variable MOH $50 per unit Fixed MOH $470,000 per year Variable selling and admin. costs $90 per unit Fixed selling and admin. costs $260,000 per year What is Topeka's product cost per using absorption costing? (Round any intermediate calculations and your final answer to the nearest dollar) A. $120 B. $70 c. $154 D. $160 Springfield, Inc. has provided the following information for the year. Units produced 11,000 units Sales price $500 per unit Direct materials $45 per unit Direct labor $30 per unit Variable MOH $55 per unit Fixed MOH $480,000 per year Variable selling and admin. costs $75 per unit Fixed selling and admin. costs $300,000 per year What is Springfield's product cost per unit using variable costing? A. $75 per unit OB. $130 per unit c. $85 per unit D. $174 per unit Which of these statements is true of an income statement for external financial reporting? A. It is prepared under the absorption costing method. B. It shows the value of the firm's contribution margin. c. It treats fixed manufacturing costs as period costs. Dit is prepared under the variable costing method