During Heaton Company's first two years of operations, it reported absorption costing not operating income as follows: - 53 pet unt variable, $253,000 fixed each yeot, The compamy's $31 unit protuct cost is computed as fotlows: Production and cost data for the first fwo years of operations are: Required: 1. Using wariable 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. Peconcile the absorption costing and the variable costing net operating income figures for each wear. Comolete this avestion by entering your answers in the tabs below. Production and cost data for the first two years of operations are: Required: 1. Using variable costing, what is the unit product cost for both years? 2. What is the varioble costing net operating income in Year 1 and in Year 2? 3. Reconcile the absorption costing and the vorioble costing net operating income figures for each year. Complete this question by entering your answers in the tabs below. What is the variable casting net operating income in Year 1 and in Year 22 (loss amounts should be inticated with a minut sign.) Production and cost data for the first two years of operations are: 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 flgures for each year. Complete this question by entering your answers in the tabs below. Reconcile the absorption costing and the variable costing net operating income flgures for each year