Complete this question by entering your answers in the tabs below. During the second quarter of operations, the company again produced 31,400 units but sold 34,400 units. (Assume no change in total foced costs.) What is the company's absorption costing net operating income (loss) for the second quarter? (Round your intermediate calculations to 2 decimal places.) Complete this question by entering your answers in the tabs below. What is the company's absorption costing net operating income (loss) for the quarter? (Round your intermediate calculations to 2 decimal places.) Tomi Tyler opened Tamr'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 fnend who has just completed a course in manacenal accounting at State University ms iyler is discouraged over the loss shown for the quarter, particulanly because she had planned to use the statement as support for a bank loan. Another friend, a CPA, insists that the company should be using obsorption costing rather than vartable costing and argues that if absorption costing had been used the company probably would have reported at least some profit for the quarter At this point, Ms. Tyler is manufacturing only one product-a swimsurt. Production and cost data relating to the swimsuit for the first quarter follow: Required: 1 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 obcorption costing net operating income (loss) figures 3. During the second quarter of operations, the company again progoced 31,400 units but sold 34,400 units. (Assume no change in total fixed costs) a. What is the company's vanable costing net operating income (loss) for the second quarter? b. What is the company's absorption costing net operating income (foss) for the second cuarter? c. Reconcile the varioble costing and absorption costing net operating incomes (losses) for the seconid quarter. Complete this question by entering vour answers in the tabs below. Compute the unit product cost under absorption costing. (Round your answer to 2 decomal places.) Complete this question by entering your answers in the tabs below. Reconcle the variable and absorption costing net operating income (loss) figures. (Losses and dedu as a negative.) Complete this question by entering your answers in the tabs below. During the second quarter of operations, the company again produced 31,400 units but sold 34,400 units. (Assume no change in total fixed costs.) What is the company's variable costing net operating income (loss) for the second quarter? (Round your intermediate calculations to 2 decimal places.) Complete this question by entering your answers in the tabs below. During the second quarter of operations, the company again produced 31,400 units but sold 34,400 units. (Assume no change in total fioced costs.) Reconcile the variable costing and absorption costing net operating incomes (losses) for the second quarter. (Losses and deductions should be entered as a negative.)