HW 6 2 Part 2 of 4 2.5 points Skipped eBook Pint Saved Required information (The following information applies to the questions displayed below.j O'Brien Company manufactures and sells one product. The following information pertains to each of the company's first three years of operations: Variable coats 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 $ 30 $ 10 $5 5 2 $540,000 $ 100,000 During its first year of operations, O'Brien produced 91,000 units and sold 74,000 units. During its second year of operations, it produced 77,000 units and sold 89,000 units. In its third year, O'Brien produced 80,000 units and sold 75,000 units. The selling price of the company's product is $77 per unit. References 2. Assume the company uses variable costing and a LIFO inventory flow assumption (LIFO means last-in first-out. In other words, it assumes that the newest units in inventory are sold first): a. Compute the unit product cost for Year 1, Year 2, and Year 3. b. Prepare an income statement for Year 1, Year 2, and Year 3. Complete this question by entering your answers in the tabs below. Req ZA Req 28 Compute the unit product cost for Year 1, Year 2, and Year 3. Unit Product Year 1 Year 2 Year 3 Cost HW 6 2 Part 2 of 4 assumes that the newest units in inventory are sold first): a. Compute the unit product cost for Year 1, Year 2, and Year 3. b. Prepare an income statement for Year 1, Year 2, and Year 3. Complete this question by entering your answers in the tabs below. 2.5 points Skipped eBook Req 2A Req 28 Prepare an income statement for Year 1, Year 2, and Year 3. Variable expenses: Pint References O'Brien Company Variable Costing Income Statement Year 1 Year 2 Year 3 Total variable expenses 0 0 0 0 0 Fixed expenses: Total fixed expenses 0 0 0 $ 0 $ 0 S Saved