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Required information [The following information applies to the questions displayed below.) Diego Company manufactures one...

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Required information [The following information applies to the questions displayed below.) Diego Company manufactures one product that is sold for $78 per unit. The following information pertains to the company's first year of operations in which it produced 60,000 units and sold 55,000 units. Variable costs per unit: Manufacturing: Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expenses wNNO $1,260,000 $ 654,000 10. What would have been the company's absorption costing net operating income (loss) if it had produced and sold 55,000 units

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