7 The Deset Corporation produces and eagle product. The following data refer to the year at completed 2. BRISE mentary Units sold Selling and ministrative Ware Haning Direct materials per unit Variable facturing pred otten $ 1 . Assume that wect laboris 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 thion costing c. Prepare an income statement for the yearsing variabile conting d. Reconcile the absorption costing and variable costing net operating come figures in and above 7 The Deset Corporation produces and eagle product. The following data refer to the year at completed 2. BRISE mentary Units sold Selling and ministrative Ware Haning Direct materials per unit Variable facturing pred otten $ 1 . Assume that wect laboris 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 thion costing c. Prepare an income statement for the yearsing variabile conting d. Reconcile the absorption costing and variable costing net operating come figures in and above