During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: - \$3 per unit variable; $250,000 fixed each year The company's $38 unit product cost is computed as follows. Production and cost data for the first two years of operations are Required: 1. Using veriable costing, what is the unitproduct cost for both years? 2 What is the variable costing net operating income in Vear 1 and in Year 2 ? 3. Reconcile the obsorption costing and the varable costing net operating income figures for each year Complete this question by entering your answers in the tabs below. Usiog vansile costing, whet is the un s product cust for botic yesce? 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 varable costing net operating income figures for each year: Complete this question by entering your answers in the tabs below. What is the varlabie coating net operating incame in Year 1 and in rear 2 ? Note tors amounte should be ind cated with a minus sign. 1. Using variable costing, what is the unit pioduct cost for both years? 2. What is the vacible costng net operating income in Year 1 and in Yeat 2 ? 3. Reconcile the absorption costing and the varibbe costing net operating income figutes for each year: Complete this question by entering your answers in the tabs below