Problem 4: Absorption vs. Variable Costing (20 points total) A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: S160 Selling price Units in beginning inventory Units produced Units sold 0 6,800 6,500 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative $51 $40 $7 $12 Fixed costs Fixed manufacturing overhead Fixed selling and administrative $88,400 $81,300 atementsing Abserption Costing (to poins)