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The Dorset Corporation produces and sells a single product. The following data refer to the year just completed Beginning inventory Units produced Units sold Selling price per unit Selling and administrative expenses: Variable per unit Fixed per year Manufacturing costs: Direct materials cost per unit Direct labor cost per unit Variable manufacturing overhead cost per unit Fixed manufacturing overhead per year 29,100 26,600 S 435 24 $345,800 239 55 34 $582,000 Assume that direct labor is a variable cost. Required: a. Compute the unit product cost under both the absorption costing and variable costing approaches. b. Prepare an income statement for the year using absorption costing. c. Prepare an income statement for the year using variable costing. d. Reconcile the absorption costing and variable costing net operating income figures in (b) and (c) above. Complete this question by entering your answers in the tabs below. Required Required Required Required A B C D Compute the unit product cost under both the absorption costing and variable costing approaches. Cost Per Unit Absorption costing Variable costing Spiess Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for December appear below: $696,000 Sales revenues, Apparel Variable expenses, Apparel Traceable fixed expenses, Apparel Sales revenues, Accessories Variable expenses, Accessories Traceable fixed expenses, Accessories $363.000 $156,000 $796,000 $449,000 $168,000 Common fixed expenses totaled $299,000 and were allocated as follows: $1 and $178,000 to the Accessories business segment $121000 to the Apparel business segment Required: Prepare a segmented income statement in the contribution form the company Total Company Apparel Accessor Net operating incomer (loss) 0