Exercise 3. (20 points) Alpha, Inc. produces fruit juices. The product is sold in four gallon containers, which have the following price and variable costs. S20 Sales price.. Direct material. Direct labor.. Variable overhead... .2 Budgeted fixed overhead in 2018, the company's first year of operations, was $200,000 Actual production was 100,000 five-gallon containers, of which 80,000 were sold. Alpha, Inc. incurred the following selling and administrative expenses. Fixed. Variable ..$ 50,000 for the year $ 2 per container sold Compute the product cost per container of frozen yogurt under (10 points) Variable costing and Absorption costing Prepare the operating income statement for year 2011 using variable costing. (to points)