Diaz Company reports the following variable costing income statement for its single product. This company's sales totaled 41,000 units, but its production was 71,000 units. It had no beginning finished goods inventory for the current period. $2,091,000 DIAZ COMPANY Income Statement (Variable Costing) Sales (41,000 units * $51.00 per unit) Variable expenses Variable manufacturing expense (41,000 units X $27.10 per unit) Variable selling and admin. expense (41,000 units * $4.10 per unit) Total variable expenses Contribution margin Fixed expenses Fixed overhead Fixed selling and administrative expense Total fixed expenses Net income 1,111,100 168,100 1,279,200 811,800 220, 100 110,050 330,150 481,650 $ 1. Convert Diaz's variable costing income statement to an absorption costing income statement. 2. Fill in the blanks: Answer is not complete. 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 Sales $ 2,091,000 Less: Cost of goods sold Variable manufacturing costs Fixed overhead costs $ 1,111,100 127,100 1,238,200 Cost of goods sold Gross margin Selling general and administrative expenses Fixed selling and administrative costs 110,050 Variable selling and administrative expenses 110,050 Total fixed expenses Net income (loss) Required 2 1. Convert Diaz's variable costing income statement to an absorption costing income statement. 2. Fill in the blanks: X Answer is not complete. 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 The dollar difference in variable costing income and absorption costing income = X fixed overhead per unit.