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Assume the company uses variable costing. Pr Required:

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 $2.$

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 $2.$

Reconcile the difference between variable costing and absorption costing net operating income in Year $1.$

Complete this question by entering your answers in the tabs below.

Assume the company uses absorption costing. Compute the unit product cost for Year $1$ and Year $2.$

Note: Round your answer to $2$ decimal places. 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 $2.$

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 $2.$

Reconcile the difference between variable costing and absorption costing net operating income in Year $1.$

Complete this question by entering your answers in the tabs below.

Assume the company uses absorption costing. Prepare an income statement for Year $1$ and Year $2.$

Note: Round your intermediate calculations to $2$ decimal places.Required:

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 $2.$

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 $2.$

Reconcile the difference between variable costing and absorption costing net operating income in Year $1.$

Complete this question by entering your answers in the tabs below.

Reconcile the difference between variable costing and absorption costing net operating income in Year $1.$

Note: Enter any losses or deductions as a negative value.epare an income statement for Year $1$ and Year $2.$