36) Identify the breakeven point in the graph given below. 36) A) B B) D C) E D) O 37) Which of the following statements is true of absorption and variable costing systems? ufacturing overhead to be period costs. 37) A) Absorption costing considers fixed man B) Both costing methods consider fixed manufacturing overhead to be product costs. C) Both costing methods consider selling and administrative costs to be period costs. D) Variable costing considers variable selling and administrative costs to be product costs. 38) Nice Aqua Inc. has provided the following information for the year 2013. Units produced Sale price Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs 8,000 units $400 Iper unit $35 per unit $25 per unit 45 per unt $480,000 per year $70 per unit $250,000 per year What is the unit product cost using variable costing? D) $135 B) $105 9) $165 A) $100 39) 39) Nimtrans Inc. reports the following information for August $800,000 200,000 100,000 150,000 75,000 Sale revenue Variable cost of goods sold Fixed cost of goods sold Variable selling and administrative costs Fixed selling and administrative costs Calculate the gross profit for August using absorption costing? D) $725,000 C) $600,000 B) $650,000 A) $500,000