Variable and absorption costing Porta Light manufactures a high-quality LED flashlight for home/office use. Data pertaining to the company's operations for the year are as follows: The FOH rate is based on units of production based on an expected production capacity of 80,000 units per year. a. What is budgeted annual fixed manufacturing overhead? 5 b. If budgeted fixed manufacturing nuprhaar pnuak actual fixed overhead. what is underapplied or overapplied fixed overhead for the year. (1) under absorption costing? 5 (2) under variable costing? 5 c. What is the product cost per unit under. (1) under absorption costing?s (2) under variable costing? $ d. How much total expense is charged against revenues for the year (1) under absorbtion costing? 5 The FOH rate is based on units of production based on an expected production capacity of 80,000 units per year. a. What is budgeted annual fixed manufacturing overhead? $ b. If budgeted fixed manufacturing overhead equals actual fixed overhead, what is underapplied or overapplied fixed overhead for the year (1) under absorption costing? \$ (2) under variable costing? \$ c. What is the product cost per unit under (1) under absorption costing? $ (2) under variable costing? 5 d. How much total expense is charged against revenues for the year (1) under absorption costing? 5 (2) under variable costing? \$\$ e. Is income higher under absorption or variable costing? By what amount? by $