Complete the following:

a$.$ Compute the unit product cost under absorption costing.

b$.$ What is the company's absorption costing net operating income $($loss$)$ for the quarter?

c$.$ Reconcile the variable and absorption costing net operating income $($loss$)$ figures.

During the second quarter of operations, the company again produced $31,600$ units but sold $34,600$ units. $($Assume no change in total fixed costs.$)$

a$.$ What is the company's variable costing net operating income $($loss$)$ for the second quarter?

b$.$ What is the company's absorption costing net operating income $($loss$)$ for the second quarter?

c$.$ Reconcile the variable costing and absorption costing net operating incomes $($losses$)$ for the second quarter.Tami Tyler opened Tami's Creations, Incorporated, a small manufacturing company, at the beginning of the year. Getting the company through its first quarter of operations placed a considerable strain on Ms$.$ Tyler's personal finances. The following income statement for the first quarter was prepared by a friend who just completed a course in managerial accounting at State University.

Ms$.$ Tyler is discouraged over the loss shown for the quarter, particularly because she hoped to use the statement as support for a bank loan. Another friend, a CPA, insists the company should be using absorption costing rather than variable costing and claims if absorption costing had been used, the company probably would have reported a profit for the quarter.

At this point, Ms$.$ Tyler makes only one product$-$a swimsuit. Production and cost data for the first quarter follow:

$\backslash$table$[[$Units produced,$31,600],[$Units sold,$28,600],[$Variable costs per unit:,$$7\mathrm{.}50$