Budgeted flxed overhead in 201 was $171,600 and budgeted production was 22,000 sleeplng bags. The year's actual production was 22,000 units, of which 18,100 were sold. Variable selling and administrative costs were $1.80 per unit sold; fixed selling and administrative costs were $22,000. Required: 1. Calculate the product cost per sleeping bag under (a) absorption costing and (b) variable costing. 2-a. Prepare an operating income statement for the year using absorption costing. 2-b. Prepare an operating income statement for the year using variable costing. 3. Reconcile reported operating income under the two methods using the shortcut method. Complete this question by entering your answers in the tabs below. Calculate the product cost per sleeping bag under (a) absorption costing and (b) variable costing. (Do not round intermediate calculations. Round your final answers to 2 decimal places.)