Dhiring Hoston Company's first two years of operations, reported absorption costing net operating inconte as follows 28 Sales ( 562 per unit) Cost of goods sold ( 342 per unit) Gross margin Selline and administrative expenses Net operating income Year 1 $ 992,00 672,000 320,00 295,000 $ 24,00 Year $1,612,000 1,092, 528, 326,00 $ 194,000 Pom - $3 per unit variable: $248,000 fixed bach your The company: 542 unit product cost is computed as follows: We Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead (139,000. 21,000 units) Absorption costing unit product cost 191 Production and cost data for the first two years of operations units produced Units sold Year 1 Year 2 21,000 21,000 15,000 20,000 Required 1 Using costing what is the un product cost for both years? 2. What is the variable costing net operating income in Year and in Year 27 3. Reconcile the absorption costing and the varie costing net operating cometres forachy Complete this question by entering your answers in the tabs below. med Using verlable couting, what is the products for both yang OSO DOS SOLG2 per Gross margin Selling and administrative expenses Net operating income 320,00 296,000 $ 24, 326, $ 199, *$3 per unit vitable: $248,000 fixed each year. The company's $42 unit product cost is computed as follows: m Direct materials Direct labor variable manufacturing overhead Fixed manufacturing overhead (5399,900 21.00 units) Absorption costing unit product cost 5 19 $ 42 BE Production and cost data for the first two years of operations are units produced Units sold Year 1 Year 2 21,000 21,000 16,000 26,600 Required 1. Using variable Cut what is the unit product cost for both years? 2. What is required 2 Ing net operating income in Year 1 and in Year 22 3. Reconce costing and the variable costing net operating income figures for each year. Complete this question by entering your answers in the tabs below. ed Red 2 Recured What is the variable costing net operating income in Year i and in Year 27 (LAN amounts should be indicated with a minus son) Year 2 Nul operating income