Excel File Edit View Insert Format Tools Data Window Help Variable costing proje Home Review View Insert of out Copy Page Layout Arial Formulas Data 10 A- A+ - Wrap Text Custom Merge & Center - $ % ) Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates 29 x vfx Rainbow Concrete Corporation has provided the following data for its two most recent years of operation: Selling price per unit $88 8 9 0 11 Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead per year Selling and administrative expenses Variable selling and administrative expense per unit sold Forced selling and administrative expense per year 12 13 14 15 16 360,000 74,000 17 Yes 18 19 20 21 22 Units in beginning inventory Units produced during the year Units sold during the year Unitsin ending inventory 15,000 10,000 5.000 Year 2 5,000 12,000 15.000 2,000 Complete (a) through 26 (a). Assume the company uses absorption costing. Compute the unit product cost in each year. Year 1 Year 2 Sheet + Ready esc Home Ser Page LayUULPUruas Data Review view Xcut Copy Arial 10. A- A = = = . Wrap Text Merge & Center - Custom $ % Paste Format BIU Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. 29 X E6 (a). Assume the company uses absorption costing. Compute the unit product cost in each year. Yer 1 Year 2 SS 37 (b). Assume the company uses absorption costing. Prepare an income statement for each year. Year 1 Year 2 C. Assume the company uses variable 8 the unit product cost in each year. Year 1 Sheet1 + - Ready a Variable costing project Page Layout Data Insert Xon Formulas 10 . A Review - - View - A - w Tort Custom Tie Update Toke up-to-date with security updates, fes and improvements, choose Check for Updates Assume the company uses variable costing. Prepare an income statement for each year Prepare a report in good form reconciling the variable costing and absorption costing net incomes Year 1 Q | WEL