Question: Overton company produced 80,000 units last year. The company sold 79,000 units and there was no beginning inventory, the company chose practical activity at 80,000 units to compute its predetermined overhead rate. manufacturing cost are as follows 1-direct materials 596,000 2-direct labor 104,000 3-variable overhead 88,000 4-fixed overhead 228,800( required-) 1-calculate the cost of one unit of product under absorption costing.2-calculate the cost of one unit of product under variable costing,3-calculate the cost of ending inventory under absorption costing 4- calculate the cost of ending inventory under variable costing.