211 tead set per unit 130 Assignment 2-Winter 2021 1 Direct materials o per unit Oktabar et par LS Variable 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 yealusing variable costing d. Reconcile the absorption costing and variable costing net operating Income figures in (b) and (c) abo Complete the question by entering your answers let the tabs below. Required A Required Required C Reconcile the absorption costing and varis Required D net operating income figures in (b) and (c) above. Net operating income (loss) under variable costing Net operating income (loss) under absorption costing 2 MacBook Air 12 #3 800 73 $ 54 888 % 85 A 6 W E R 20 S S D T Y A 7 &7 LL F G H