ext/map/index.html?con con&external browserslaunchurahttp%253A%252F%252Fnewconnectmheducation.co AC2130 Assignment 2 L03 Seved The Dorset Corporation produces and sells a single product. The following data refer to the year just completed: 1 15 points @ 32,700 27,100 459 $ Beginning inventory Units produced Units sold Selling price per unit Selling and administrative expenses: Variable per unit Fixed per year Manufacturing costs Direct materials cost per unit Direct labor cost per unit Variable manufacturing overhead cost per unit Fixed manufacturing overhead per year 00:54:51 $ 20 5406,500 $ 298 52 $ $425, 100 Assume that direct labor is a variable cost, Required: a. Compute the unit product cost under both the absorption costing and variable costing approaches. b. Prepare an income statement for the year using absorption costing c. Prepare an income statement for the year using variable costing d. Reconcile the absorption costing and variable costing net operating income figures in (b) and (c) above. Complete this question by entering your answers in the tabs below. Required A Required B Required Required D Prepare an income statement for the year using variable costing. Variable Costing Income Statement Variable expenses Fixed expenses w Prey 1 of 5 e here to search