got 1a and some of 1b need rest!

Walsh Company manufactures and sells one product. The following information pertains to each of the company's first two years of operations Variable costs per unit: Manufacturing: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year Fixed manufacturing overhead Fixed selling and administrative expenses $ $ $ $ 25 14 4 3 $320,000 $ 90,000 During its first year of operations, Walsh produced 50,000 units and sold 40,000 units. During its second year of operations, it produced 40,000 units and sold 50,000 units. The selling price of the company's product is $85 per unit. Required: 1. Assume the company uses variable costing: a. Compute the unit product cost for Year 1 and Year 2 b. Prepare an income statement for Year 1 and Year 2. 2. Assume the company uses absorption costing: a. Compute the unit product cost for Year 1 and Year 2. b. Prepare an income statement for Year 1 and Year 2. 3. Reconcile the difference between variable costing and absorption costing net operating income in Year 1. Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 2A Reg 28 Req3 Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2A Req 2B Req3 Assume the company uses variable costing. Compute the unit product cost for year 1 and y Year 1 Year 2 Unit product S cost 43 $ 43 Assume the company Walsh Company Income Statement Year 2 Year 1 $ 3,480,000 Sales X $ 4,350,000 X x 0 0 3,480,000 4,350,000 Variable expenses Accounts receivable Variable cost of goods sold Variable selling and administrative Variable selling and administrative Total variable expenses Contribution margin Fixed expenses Fixed manufacturing overhead Fixed selling and administrative expense Variable selling and administrative Variable cost of goods sold Total fixed expenses Net operating income (loss) 0 $ 4,350,000 3,480,000 Req 1A Req 1B Reg 2A Req 2B Req3 Assume the company uses absorption costing. Compute the unit product cost for Year 1 and Yea calculations and final answers to 2 decimal places.). Year 1 Year 2 Unit product cost is in the tabs below. Req 1A Req 1B Req 2A Req 2B Req 3 Assume the company uses absorption costing. Prepare an income statement for Year 1 and Year 2. (RC calculations to 2 decimal places.) Walsh Company Income Statement Year 1 Year 2 Net operating income (loss) IS 0 Is 0