I need someone to help me calculate the following from a business' income statement covering it's first two years of operation:

1. Using variable costing, what is the unit product cost for both years?

2. What is the variable costing net operating income in Year 1 and in Year 2?

3. Reconcile the absorption costing and the variable costing net operating income figures for each

Screenshots of the problem are below.

Problem 6-19 Variable Costing Income Statement; Reconciliation [LOG-2, LOG-3] During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: Year 1 Year 2 Sales (@ $61 per unit) $ 1,159,000 $ 1,769,000 Cost of goods sold (8 $39 per unit) 741,000 1,131,000 Gross margin 418,000 638,000 Selling and administrative expenses* 302,000 332,000 Net Operating income $ \\116,000\\ $ 306,000 " $3 per unit variable; $245,000 xed each year. The company's $39 unit product cost is computed as follows: Direct materials $ 8 Direct labor 9 Variable manufacturing overhead 4 Fixed manufacturing overhead ($432,000 + 24,000 units) 18 Absorption costing unit product cost $ 39 [ Forty percent of fixed manufacturing overhead consists of wages and salaries; the remainder consists of depreciation charges on production equipment and buildings. Production and cost data for the first two years of operations are: Year 1 Year 2 Units produced 24,000 24,000 Units sold 19,000 29,000 ' Required: 1. Using variable costing, what is the unit product cost for both years? 2. What is the variable costing net operating income in Year1 and in Year 2? 3. Reconcile the absorption costing and the variable costing net operating income figures for each year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Using variable costing, what is the unit product cost for both years? What is the variable costing net operating income in Year 1 and in Year 2? (Loss amounts should be indicated with a minus Sign.) a co mooom __ Required 1 Required 2 Required 3 Reconcile the absorption costing and the variable costing net operating income gures for each year. (Enter any losses or deductions as a negative value.) Variable costing net operating income (loss) Absorption costing net operating income