Diaz Company reports the following variable costing income statement for its single product. This company's sales totaled 58,000 units, but its production was 88,000 units. It had no beginning finished goods inventory for the current period. $3,944,000 DIAZ COMPANY Income Statement (Variable Costing) Sales (58,000 units * $68.00 per unit) Variable expenses Variable manufacturing expense (58,000 units * $28.80 per unit) Variable selling and admin. expense (58,000 units * $5.80 per unit) Total variable expenses Contribution margin Fixed expenses Tixed overhead Fixed selling and administrative expense Total fixed expenses Not income 1,670,400 336,400 2,006,800 1,937,200 422,400 211,200 633,600 $1,303,600 1. Convert Diaz's variable costing Income statement to an absorption costing Income statement 2. Fill in the blanks: Complete this question by entering your answers in the tabs below. Required 1 Required 2 Convert Diaz's variable costing Income statement to an absorption costing income statement. DIAZ COMPANY Absorption Costing Income Statement Diaz Company reports the following variable costing income statement for its single product. This company's sales totaled 58,000 units, but its production was 88,000 units. It had no beginning finished goods inventory for the current period. $3,944,000 DINE COMPANY Income Statement Variable conting) Sales (58,000 units * $68.00 per unit) Variable expenses Variable manufacturing expense (58,000 units * $28.80 per unit) Variable selling and admin. expense (58,000 units * $5.80 per unit) Zotal variable expenses Contribution margin Tixed expenses Fixed overhead Fixed selling and administrative expense Total fixed expenses Set income 1,670,400 336,400 2,006,800 1,937,200 422.400 212,200 633,600 $1.303,600 + 1. Convert Diaz's variable costing Income statement to an absorption costing income statement 2. FM in the blanks: ferences Complete this question by entering your answers in the tabs below. Required 1 Required 2 in the banks (Round the fixed overhead per unit to two decimal places.) The doli ference in variable costing income and absorption costing income fixed overhead por unit