Bracey Company manufactures and sells one product. The following information pertains to the company's first year of operations:

Variable cost per unit:

Direct materials $$35$

Fixed costs per year:

Direct labor $$518,000$

Fixed manufacturing overhead $$464,800$

Fixed selling and administrative expenses $$80,000$

The company does not incur any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, Bracey produced $28,000$ units and sold $25,500$ units. The selling price of the company's product is $$77$ per unit.

Required:

Assume the company uses super$-$variable costing:

a$.$ Compute the unit product cost for the year.

b$.$ Prepare an income statement for the year.

Assume the company uses a variable costing system that assigns $$18\mathrm{.}50$ of direct labor cost to each unit produced:

a$.$ Compute the unit product cost for the year.

b$.$ Prepare an income statement for the year.

Assume the company uses an absorption costing system that assigns $$18\mathrm{.}50$ of direct labor cost and $$16\mathrm{.}60$ of fixed manufacturing overhead cost to each unit produced:

a$.$ Compute the unit product cost for the year.

b$.$ Prepare an income statement for the year.

a$.$ Reconcile the difference between the super$-$variable costing and variable costing net operating incomes.

b$.$ Reconcile the difference between the super$-$variable costing and absorption costing net operating incomes.