Diaz Company reports the following variable costing income statement for its single product. This company's sales totaled 46,000 units, but its production was 76,000 units. It had no beginning finished goods inventory for the current period DIAZ COMPANY Income Statement (Variable Costing) Sales (46,000 units * $56.00 per unit) $2,576,000 Variable expenses Variable manufacturing expense (46,000 units * $27.60 per unit) 1,269,600 Variable selling and admin. expense (46,000 units $4.60 per unit) 211,600 Total variable expenses 1,481,200 Contribution margin 1,094,800 Fixed expenses Fixed overhead 273,600 136,800 Fixed selling and administrative expense Total fixed expenses 410, 400 $ 684,488 Net income 1. Convert Diaz's variable costing income statement to an absorption costing income statement 2. Fill in the blanks: Required 1 Required 2 Convert Diaz's variable costing income statement to an absorption costing income statement. DIAZ COMPANY Absorption Costing Income Statement Selling general and administrative expenses Net income (loss) Check my w m. 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 Fill in the blanks: (Round the fixed overhead per unit to two decimal places.) units forced overhead per unit The dollar difference in variable costing income and absorption costing income =