Variable and Absorption Costing (15 points) - Porta Light manufactures a high-quality LED light for home/office use. Data pertaining to the company's operations for the year are as follows: < DATA PRODUCTION FOR YEAR BUDGET FOR THE YEAR NUMBER 50,000 units 48,000 units SALES FOR THE YEAR COSTS TO PRODUCE ONE UNIT DIRECT MATERIALS DIRECT LABOR VARIABLE OVERHEAD FIXED OVERHEAD 45,000 Units $3.60 Per unit 1.00 Per unit .60 Per unit 220,000 Per year SELLING AND ADMINISTRATIVE EXPENSES VARIABLE FIXED SELLING PRICE 10% Of selling price $150,000 Per year $16 Per unit Answer questions in Blackboard The company uses standard costing and there are no price, efficiency, or spending variances. < Question 9. What is the cost per unit under Throughput costing? 10. What is the cost per unit under Absorption costing? 11. What is the operating income under Absorption costing? 12. What is the volume variance under variable costing?4 13. What is the volume variance under absorption costing? 14. Is the volume variance under absorption costing favorable or unfavorable? 15. What is operating income under variable costing? 16. What is adjusted cost of goods sold in absorption costing? Answer 1. .. 1. 1. 1. 1 ''