Please solve this question as soon as possible within an hour and a half with show all the steps and calculations (for thumbs up)

and sells a single product. The following data refer to the year just completed: Assume that direct labor is a variable cost. Required: a. Compute the unit product cost under both the absorption costing and variable costing approaches. b. Prepare an income statement for the year using absorption costing (provide a collapsed cost of goods sold number. In otherwords, one number rather than the components of inventory). c. Prepare an income statement for the year using variable costing.(provide a collapsed cost of goods sold number. In otherwords, one number rather than the components of inventory). d. Reconcile the absorption costing and variable costing net operating income figures in (b) and (c) above. Complete this question by entering your answers in the tabs below. Compute the unit product cost under both the absorption costing and variable costing approaches. Complete this question by entering your answers in the tabs below. Prepare an income statement for the year using absorption costing. Complete this question by entering your answers in the tabs below. Prepare an income statement for the year using variable costing. Complete this question by entering your answers in the tabs below. Reconcile the absorption costing and variable costing net operating income figures in (b) and (c) ab