pls help! req. a-d
The Dorset Corporation produces and sells a single product. The followirig data refer to the year just completed Assume that direct labor is a vorable cost. Required: a Compute the unit product cost under both the absarption costing and var lable costing approaches b. Prepare an income utatemant for the year using absorption costing c Prepare an income itatement for the yoor using variabie coliting d. Pecorccle the absorption costing and variobie costing net operoung income foures in (b) and (d) above: Complete this question by entering your answers in the tabs below, Cornputer the und product cost under both the absorption costing and variatle costing aporoiaches. c. Prepare an income statement for the year using variable costing 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. Prepare an income statement for the year using absorption costing. Required: a. Compute the unit product cost under both the absorption costing and variable costing approoches b. Prepare an income staternent for the yoer using absorption costing c. Prepare an ancome statement for the year using variable costing. d. Reconcile the absorption costing and yariable costing net operating income figures in (b) and (c) above. Complete this question by entering your answers in the tabs below. Drepare an income staternent for thet year using varisble costing. Required: 8. 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 c. Prepare an incorne statement for the year using variable costing d Reconcile the absorption costing and variabie costing net operating income figures in (b) and (c) above Complete this question by entering your answhs in the tabs below. Reconole the absorption costing and variable costang net operating incorne figures in (b) and (c) above