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 28 Fixed costs per year: 367,500 389,550 $ 66,000 Direct labor Fixed manufacturing overhead Fixed selling and administrative expenses The company does not incur any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, Bracey produced 24,500 units and sold 22,700 units. The selling price of the company's product is $65 per unit. Required 1. Assume the company uses super-variable costing: a. Compute the unit product cost for the year. b. Prepare an income statement for the year. 2. Assume the company uses a variable costing system that assigns $15.00 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 $15.00 of direct labor cost and $15.90 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 4a. Reconcile the difference between the super-variable costing and variable costing net operating incomes. 4b. Reconcile the difference between the super-variable costing and absorption costing net operating incomes Req 1A Req 1B Compute the unit product cost fo Unit product cost Req 1A Req 1B Req 2A Req 2B Req 3A Re Prepare an income statement for the year. Assume the company uses super- Bracey Company Super-Variable Costing Income Statement Fixed expenses: Req 1A Req 1B Req 2A Compute the unit product cost for the ye labor cost to each unit produced. (Round Unit product cost Req 1A Req 1B Req 2A Req 2B Compute the unit product cost for the year. Assume the labor cost to each unit produced. (Round your answer to Unit product cost Req 2A Req 2B Req 3A Req 3B Req 1A Req 1B Prepare an income statement for the year. Assume the company uses a variable costing labor cost to each unit produced. (Round your intermediate calculations to 2 decimal pla Bracey Company Variable Costing Income Statement 0 Fixed expenses: 0 Req 2A Req Req 1A Req 1B Req 2B Req 3A Compute the unit product cost for the year. Assume the company uses an abs direct labor cost and $15.90 of fixed manufacturing overhead cost to each unit places.) Unit product cost Req 3B Req 3A Req 1A Req 2A Req 2B Req 1B Prepare an income statement for the year. Assume the company uses an absorption co direct labor cost and $15.90 of fixed manufacturing overhead cost to each unit produce calculations to 2 decimal places.) Bracey Company Absorption Costing Income Statement Req 1A Req 1B Req 2A Req 2B Req 3A Req 3B Req 4A Reconcile the difference between the super-variable costing and variable costing net operating income Super-variable costing net operating income (loss) Variable costing net operating income (loss) Req 4A Req 2AReq 28 1A Req 18 Req Req 3A Req 3B Req 4B Reconcile the difference between the super-variable costing and absorption costing net operating incomes. Super-variable costing net operating income (loss) Absorption costing net operating income (loss)