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: Production for the year 15.000 units Sales for the year sales price per unit 58) R750 units Beginning inventory 8.750 units Costs to produce one unit this year and prior year! Direct material 5360 Direct labor 1.00 Variable overhead 0.60 Pored overhead 040 Sing and administrativo Vanable per unit sold) 50.40 Trend per year 550.000 The FOH rate is based on units of production based on an expected production capacity of 100,000 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? 5 (2) under variable costing? What is the product cost per unit under (1) under absorption costing? (2) under variable costing? d. How much total expense is charged against revenues for the year (1) under absorption costing? (2) under variable costing? e. Is income higher under absorption or variable costing? By what amount? by