Information pertains to Walsh Company manufactures and sells one product. The following each of the company's first two years of operations: Variable costs per unit Mavufaoturing: Direct materials Direct labor s15 2,370,00 Variable manufacturing overhead Variable selling and administrative Pixed costs per yeari Fixed masufacturing overhead rixed selling and administrative expesses 320,000 90,000 474,0000 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 compan's product is $88 per unit 0.00 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 2. Reconcle the elitfable costing and absorption costing net operating Income in Year 1 Prev of Nex QBlock 3-Servi...pptx Block 4 - Ch....ox Show Allx 5