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: Production for the year Sales for the year (sales price per unit, 58) Beginning inventory Costs to produce one unit (This year and prior yearl 27,000 units 29,250 units 5.250 units Direct material Direct labor Variable overhead i Fixed overhead Seling and administrative costs Variable (per unit sold Faxed (per year) $3.60 1.00 0.60 0.40 10.40 $90,000 The FOH rate is based on units of production based on an expected production capacity of 60,000 units per year. The FOH rate is based on units of production based on an expected production capacity of 60,000 units per year. a. What is budgeted annual fixed manufacturing overhead? $0 b. If budgeted fixed manufacturing overhead equals actual fixed overhead, what is underapplied or overapplied fixed overhead for the year (1) under absorption costing? $0 (2) under variable costing? $ 0 c. What is the product cost per unit under (1) under absorption costing? $0 (2) under variable costing? $0 d. How much total expense is charged against revenues for the year (1) under absorption costing? $0 (2) under variable costing? $ 0 e. Is income higher under absorption or variable costing? By what amount? 0 by $ 0