2 points 03:22:43 eflook Pr References During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: Sale $63 per unit). Co goods sold ( $36 per unit) Grous margin Selling and administrative expenses Net operating incone *$3 per unit variable; $247,000 fixed each year. Year 1 Year 2 $1,197,000 $1,827,000 684,000 1,044,000 513,000 783,000 304,000 334,000 $209,000 $449,000 The company's $36 unit product cost is computed as follows: Direct materials. Direct labor Variable manufacturing overhead Fixed manufacturing overhead (5312,000 24,000 units) Absorption costing unit product cost Production and cost data for the first two years of operations are: 87 12 4 13 $.36 Check my work Units produced Units sold Required: Year 1 24,000 Year 2 24,000 19,000 29,000 1. Using variable costing, what is the unit product cost for both years? 2. What is the variable costing net operating income in Year 1 and in Year 2? 3. Reconcile the absorption costing and the variable costing net operating income figures for each year.