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During Heeton Company's first two years of operations, it reporte d usorption costing net operating income as follows: - \$3 per unir variable; $249,000 foxed each year. The company's $40 unl product cost is computed as follows: Production and cost data for the first two years of opneations are: Required: 1. Using variable costing, what is the unit product cost for both years? 2. What is the vatiable 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 yeat. Complete this question by entering your answers in the tabs below. Production and cast data for the first two years of operations are: Peeuired: 1. Using vatiable costing. What is the unit product cost for both years? 2. What is the variable costing net operating income in Yea 1 and in year 2? 3. Reconcile the abserption costing and the variable costing net operating income figures for each year. (8) Answer is compiete but not entirely correct. Complete this question by entering your answars in the tabs below. What is the variable costing net operating income in Yesr 1 and in Year 2? (Loss ampunts shouid Be indicatnd with a minus Aasorption casting undt product cost Production and cost data for the first two years of operation are: Required: 1. Using variabie costing. what is the unit product cost for both years? 2. What is the variable costing not operating income in Year 1 and in Year 2 ? 3. Aeconcile the absorption costing and the variable costing net operating income figures for each year. Answer is complete but not entirely cerrect. Cemplete this question by entering your answers in the tabs below. Aeconele the abserption costing and the variable costing net operating income figures for each yeari