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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 materiais $ 25 Direct labor $13 Variable manufacturing overhead 16 Variable selling and sinistrative Fixed costs per year Fixed snufacturing overhead $ 240.000 Fhed selling and administrative expenses $ 70,000 During its first year of operations. Welsh produced 50.000 units and sold 40,000 units. During its second year of operations, produced 40.000 units and sold 50,000 units. The selling price of the company product is $52 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 Yeart 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 ond Year 2 3. Reconcile the difference between variable costing and absorption costing net operating income in Yeart Complete this question by entering your answers in the tabs below, Reg 1A Reg 18 Red 2A Reg 26 Reg Assume the company uses variable costing Compute the unit product cost for year 1 and year 2 Year Year? Unit product cool