15 1 Variable per unit Fixed per year Manufacturing conta 25 $469,300 Direct materials cont par unit Direct labor cost per unit 211 53 Variable manufacturing overhead cost per unit Fixed manufacturing overhead per year 36 $454,500 Assume that direct labor is a variable cost. 00:09:55 Required: points a. Compute the unit product cost under both the absorption costing and variable costing approach 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 Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Prepare an income statement for the year using absorption costing. Absorption Coating Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income 11,485,500 11,362,000 123,500 123,500 < Required A Required C >