During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows:

Production and cost data for the first two years of operations are:

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.

Answer is complete but not entirely correct.

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

Required $1$

Required $3$

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