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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: The FOH rate is based on units of production based on an expected production capacity of 160,000 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? \$ c. 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 $