during heaton companys

During Heaton Company's first two years of operations, it reported obsorption costing net operating Sales (@ $60 per unit) Cost of goods sold (@ $31 per unit) Gross margin Selling and administrative expenses Net operating income Year 1 $1,080,000 558,000 522,000 305, eee 217,000 Year 2 $1,680,000 1868,000 1812,000 335,000 $ 477,000 *$3 per unit variable, $251,000 fixed each year. The company's $31 unit product cost is computed as follows Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead ($299,000 = 23,eee units) Absorption costing unit product cost 13 $ 31 Forty percent of fixed manufacturing overhead consists of wages and salaries, the remainder consists of charges on production equipment and buildings. Production and cost data for the first two years of operations are: Units produced Units sold Year 1 Year 2 23,00 23,000 18,000 28,eee Required: 1. Using variable costing, what is the unit product cost for both years? 2. What is the variable costing net operating income in Year 1 and in Year 22 3. Reconcile the absorption costing and the variable costing net operating income figures for each year 3 Answer is not complete. Prev 1 of 6 !!! Next > Respond to George by simply replyin your Gmail on your phone Friday, December 20, 2019 Groupon Manical senson man di Required: 1. Using variable costing, what is the unit product cost for both years? 2. What is the variable costing net operating income in Year 1 and in Year 2? 3. Reconcile the absorption costing and the variable costing net operating income figures for each year * Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 1 Required 2 Required 3 What is the variable costing net operating income in Year 1 and in Year 22 (Loss amounts should be indicated with a minus sign.) Year 1 Year 2 Net Operating income (loss) (Required 1 Required 3 > Prev 1 of 6 Next > Respond to George by simply replyin Friday, December 20, 2019