6 Seved You received partial credit in the previous attempt. Check my work T During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: Sales ( $63 per unit) Coat of goods sold at $44 per unit) Gross margin Selling and administrative expenses Het operating income Year 1 $1,134,000 792,000 342.000 299,000 $ 43,000 Year 2 $ 1,764,000 1,232,000 532,000 329.000 $ 203,000 02-110 eBook $3 per unit variable: $245,000 fixed each year. The company's $44 unit product cost is computed as follows: Direet materials Direct labor Variable manafacturing overhead Fixed manufacturing overhead (5437,000 - 23.000 units) Absorption coating unit product cost Forty percent of foed manufacturing overhead consists of wages and salaries, the remainder consists of depreciation charges on production equipment and buildings. Production and cost data for the first two years of operations are: Units prodaced Unita sold 23.000 18.000 Year 2 23.000 20.000 Required: . 11 FS F6 F8 a & * # 3 $ 4 2 % 5 6 7 8 9 W MO E T Units produced Units sold Year 23,000 18,000 Year 2 23,000 28,000 Required: 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. Es Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is the variable costing net operating income in Year 1 and in Year 27 (Loss amounts should be indicated with a minus sign.) Year 1 Year 2 Net operating income (los) $ (52.000)