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Dlaz Company reports the following variable costing income statement for its single product. This company's sales totaled 55,000 units, but its production was 85,000 units.

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Dlaz Company reports the following variable costing income statement for its single product. This company's sales totaled 55,000 units, but its production was 85,000 units. It had no beginning finished goods inventory for the current period. DIAZ COMPANY Income Statement (Variable Costing) Sales (55,000 units X $65.00 per unit) $3,575,000 Variable expenses Variable manufacturing expense (55,000 units $28.50 per unit) 1,567,500 Variable selling and admin, expense (55,000 units $5.58 per unit) 302,500 Total variable expenses 1,870, eee Contribution margin 1,785,600 Fixed expenses Fixed overhead 382,500 Fixed selling and administrative expense 191,250 Total fixed expenses 573,758 Net Income $1,131,250 1. Convert Diaz's variable costing income statement to an absorption costing income statement 2. Fill in the blanks: 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 Selling general and administrative expenses Net Income (los) Required 2 > Required 1 Required 2 Fill in the blanks: (Round the fixed overhead per unit to two decimal places.) The dotar difference in variable conting income and absorption costing income units faced overhead per unit

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