Chapter 19 Algorithmic Problem Saved You skipped this question in the previous attempt 2 Dowell Company produces a single product. Its Income statements under absorption costing for its fiest two years of operation follow Part 2 of 2 Bales (per unit) Cost of goods sold (33 per unit) Gross margin delling and administrative expenses Net Income 2018 2019 $1,056,000 $2,016,000 726,000 1,316,000 330,000 630,000 289,000 329,000 41.000 301.000 10 point Additional Information a. Sales and production data for these first two years follow, Print Units produced Units sold 2010 2013 32,000 32,000 22.000 42.000 b. Variable cost per unit and total fixed costs are unchanged during 2018 and 2018. The company's $32 per unit product cost consists of the following 16 Direct labor Variable overhead Te overhead (320,000/33,000 unita) Docal product Cort 18. DO Chapter 19 Algorithmic Problem ved Help Save You skipped this question in the previous attempt C 2 Direct naturals Direct Taber Variable overhead Txed overhead (3320,000/32,000 unita Total product boat per unit Part 2012 10 10 $33 Selling and administrative expenses consist of the following Varblalling and intrative expenses (32 per unit) dellinen rative spes Total selling and initiative 2018 2015 4,000 100.000 245,000 245.000 9209.000 9329.000 2. Prepare a table as in Exhib. 1932 to convert variable casting income to absorption costing income for both 2018 and 2019, (0. amounts should be entered with a minus sign) DOWELL COMPANY Itection of Veran Costing conta Asistir Income 2018 Vaisting income out! 2010 Aboncoing in