QUESTION 7 Budgeted Production in units 500 500 Budgeted Fixed Costs 100,000 100,000 Budgeted VC per unit 150 150 Operating Costs per Unit 75 75 Fixed Operating Costs 95,000 95,000 Selling price per unit 1,500 1,500 Expected sales per unit 200 500 Based on the above information what is the budgeted fixed cost per unit? Compute the Sales, Cost of Goods Sold and the Operating Income under 1) Variable Costing and 2) Absorption Costing.