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See Absorption vs Variable Costing Daily Activity Rainbow Concrete Corporation has provided the following data for its two most recent years of operation: (a) Assume the company uses absorption costing. Compute the unit product cost in each year. Year1Year2 (b): Assume the company uses absorption costing. Prepare an income statement for each year. Year1Year2 c. Assume the company uses variable costing. Compute the unit product cost in each yoar