answer please

Morey Company has just completed its first year of operations. It produced 50,000 units and sold 40,000 units. The company's absorption costing income statement for the year appears below: Morey Company Income Statement Sales $1,350,000 Cost of goods sold 840,000 Gross margin 510,000 Selling and administrative expenses 420,000 Net operating profit $90,000 The company's selling and Administration expenses consist of $300,000 per year in fixed expenses and $3 per unit sold in variable expenses. Also the estimated and actual Fixed manufacturing overhead is $250,000. REQUIRED: Show ALL workings 1. Calculate the cost per unit under absorption costing. (2 marks) 2. Calculate the cost per unit under variable costing. (4 marks) 3. Prepare the company's income statement using variable costing. (9 marks) 4. Reconcile any difference between the net operating profit on your variable costing income statement and the net operating profit on the Page Toro