During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows Sales $61$ per unit$)$ Cost of goods $$32$ per unit$)$ Gross margin Selling and administrative expenses Net operating income Year $1$Year $976,0001,586,000517,000832,000464,000754,000301,000331,000163,000423,0003$ per unit variable$$253,000$ fixed each year The company's $$32$ unit product cost is computed as follows $133$ Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead $(231,000$ Absorption costing unit product cost $21,000$ units$)32$ Production and cost data for the first two years of operations areUnits produced Units sold Year $121,00016,000$ Year $221,000$ Required: $1.$ Using variable costingwhat is the unit product cost for both years? 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 Complete this question by entering your answers in the tabs below. Required $1$Required $2$ Required $3$ What is the variable costing net operating income in Year $1$ and in Year $2($Loss amounts should be indicated sign Year $1$ Year $2$

$\backslash$table$[[$Units produced,$21,000,21,000],[$Units sold,$16,000,26,000]]$

Required:

Using variable costing, what is the unit product cost for both years?

What is the variable costing net operating income in Year $1$ and in Year $2?$

Reconcile the absorption costing and the variable costing net operating income figures for each year.

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Required $3$

Reconcile the absorption costing and the variable costing net operating income figures for each year.

$\backslash$table$[[$Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes,,,$],[,$Year $1,$Year $2,],[$Variable costing net operating income $($loss$),$$$,93,000,],[\backslash$table$[[$Add $($deduct$)$ fixed manufacturing overhead deferred in $($released from$)$ invertory under$],[$absorption costing$]],,,],[$Absorption costing net operating income,,,$]]$