ctmheducat html https O You skipped this question in the previous attermpt During Heaton Company's first two years of operations it reported absorption costing net operating income as follows 5 1,000,000 1,250,000 Sales e 525 per unit) Cost ofgoods sald ?@ $1& per unit) Gross sargls Selling and ad inistretive expenses 98,80 120,000 $ 70.0 Net operating Incone $2 per unit variable: $130,000 fixed each year The company's $18 unt product cost is computed as follows: Varlable sanufacturing overhead ixed manufacturing overhead (527,08 bsorption cest ing unit product cost 45,000 nits) Forty percent of fiwed manufacturing overhead consists of wages and salaies, the r production equipment and buildings remainder consists of depreciation charges on Production and cost data for the first two years of operations are 4,000 5e,0 Required: g variable costing what is the unt product cost for both years? net operating 2. What is the variable c 3 Reconcile the absorption costing and the variable costing net operating income figures for each yea ncome in Year 1 and in Year 2? Complete this question by entering your answers in the tabs below