IS THIS CORRECT???????

Dowell Company produces a single product. Its income statements under absorption costing for its first two years of operation follow. 2016 2017 Sales ($46 per unit) Cost of goods sold $31 per unit) Gross margin Selling and administrative expenses $1,058,000 $1,978,000 1,333,000 645,000 336,750 713,000 345,000 291,750 $ 308,250 53,250 $ Net income Additional Information a. Sales and production data for these first two years follow. 2016 2017 Units produced 33,000 43,000 33,000 23,000 Units sold b. Variable cost per unit and total fixed costs are unchanged during 2016 and 2017. The company's $31 per unit product cost consists of the following Direct materials $ 6 Direct labor Variable overhead 6 10 Fixed overhead ($330,000/33,000 units) $31 Total product cost per unit b. Variable cost per unit and total fixed costs are unchanged during 2016 and 2017. The company's $31 per unit product cost consists of the following. $ 6 Direct materials Direct labor Variable overhead 6 10 Fixed overhead ($330,000/33,000 units) $31 Total product cost per unit Selling and administrative expenses consist of the following C. 2016 2017 51,750 $ 96,750 Variable selling and administrative expenses ($2.25 per unit) Fixed selling and administrative expenses 240,000 240,000 $291,750 $336,750 Total selling and administrative expenses 2. What are the differences between the absorption costing income and the variable costing income for these two years? (Loss amounts should be entered with a minus sign.) DOWELL COMPANY Reconciliation of Variable Costing Income to Absorption Costing Income 2016 2017 Variable costing income (loss) Add: Fixed overhead in ending inventory Less: Fixed overhead in beginning inventory Absorption costing income (loss) 408,250 (46,750) $ 100,000 (100,000) 308,250 S $ 53,250