265 35 Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs: Fixed manufacturing overhead Fixed selling and administrative $ $ $ $ 115 325 45 20 $ 72,600 $ 34,000 The absorption costing income statement prepared by the company's accountant for last year appears below. Sales Cost of goods sold Gross margin Selling and administrative expense Net operating income $ 241, 150 192, 125 49.025 39,300 $ 9,725 Required: 1 Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of lost year? 2. Prepare an income statement for last year using variable costing Required: 1 Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of fest year? 2. Prepare an income statement for last year uning variable costing Complete this question by entering your answers in the tabs below. Required Required 2 Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year Fed manufacturing overhead cost included in inventory 2. Prepare an income statement for last year using variable costing Complete this question by entering your answers in the tabs below. Required ed 1 Required 2 Prepare an income statement for last year using variable costing. Ida Company Variable Costing Income Statement 0 0