Check my work 3 Walsh Company manufactures and sells one product. The following information pertains to each of the company's first two years of operations: Variable costs per units 10 polnts Manufacturing Direct materials Direct labor 17 Variable manufacturing overhead Variable selling and administrative eBook Print References rixed eonts per yeari Fixed manutacturing overhead Pixed selling and administrative expenses $320,000 s 70,000 During its first year of operations, Walsh produced 50,000 units and sold 40,000 units. During its second year of operations, it produced 40,000 units and sold 50,000 units. The selling price of the company's product is $89 per unit Required: 1. Assume the company uses variable costing a. Compute the unit product cost for Year 1 and Year 2. b. Prepare an income statement for Year 1 and Year 2. 2. Assume the company uses absorption costing: a. Compute the unit product cost for Year 1 and Year 2. b. Prepare an income statement for Year 1 and Year 2. 3. Reconcile the difference between variable costing and absorption costing net operating income in Year 1 Complete this question by entering your answers in the tabs below Required 1. Assume the company uses variable costing: a. Compute the unit product cost for Year 1 and Year 2. b. Prepare an income statement for Year 1 and Year 2. 2. Assume the company uses absorption costing a. Compute the unit product cost for Year 1 and Year 2 b. Prepare an income statement for Year 1 and Year 2 3. Reconcile the difference between variable costing and absorption costing net operating income in Year 1. nts eBook Print Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 2A Req 28 Req 3 Assume the company uses variable costing. Compute the unit product cost for year 1 and year 2 Year 1 Year 2 Unit product cost Req 1B 3 Req 1A Req 1B Req 2A Req 2B Req 3 Assume the company uses variable costing. Prepare an income statement for Year 1 and Year 2 10 points Walsh Income Statement Year 1 Year 2 eBook Print References Net operating incone (loss) Che a. Compute the unit product cost tor Year 1 ana year . b. Prepare an income statement for Year 1 and Year 2. 2. Assume the company uses absorption costing: a. Compute the unit product cost for Year 1 and Year 2. b. Prepare an income statement for Year 1 and Year 2 3. Reconcile the 10 points difference between variable costing and absorption costing net operating income in Year 1. Complete this question by entering your answers i n the tabs below. eBook Print References Req 1A 18 Req 2A Rq 2BReq 3 Assume the company uses absorption costing, Prepare an income statement for Year 1 and Year 2. (Round your intermediate calculations to 2 decimal places.) Walsh Company Income Statement Year 1 Year 2 Req 2A Req 3 > 3 Check my work a. compute the unit proauct cost ror Year 1 ana Year b. Prepare an income statement for Year 1 and Year 2 2. Assume the company uses absorption costing: a. Compute the unit product cost for Year 1 and Year 2 b. Prepare an income statement for Year 1 and Year 2. 10 points the difference between variable costing and absorption costing net operating income in Year 1. Complete this question by entering your answers in the tabs below eBook Print Req 1A Req 18 Req 2A Req 28 Req 3 Reconcile the difference between variable costing and absorption costing net operating income in Year 1. (Enter any losses or deductions as a negative value. Round your intermediate calculations to 2 decimal places.) Year 1 Variable costing net operating income (loss) Absorption costing net operating income (loss) Req 28 Req 3