Popuo } Eastern Applicator,Portal-Hon x: Ch.6: Homework t html ework Help Save Walsh Company manufactures and sells one product. The following information pertains to each of the company's first two years of operations variable costs per-it: Manufacturingi Oirect materials $ 26 $ 13 Direct labor Variable sanufacturing overheed Variable selling and administrative Fixed costs per year: Fixed manufacturing Fixed selling and administrative expenses $320,000 During its first year of operations, Walsh produced 50,000 units and sold 40,000 units. During its second year of operations, it produced 40.000 units and sold 50,000 units. The selling price of the company's product is $53 per unit Required: 1 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 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 erence Prex 4of5 Score answer> ceture 11- Chs Lecture 12- ch 5.ppecture 1-ch sp Lecture 11-Ch 5 ppts Lecture 10-ch 4..pp ch v. ul | B Eastern Application Portal. Hoe X Ch&Homework on.com/tlow/connect.htm ork Srved Complete this question by entering your answers in the tabs below Req 1A Req 18 Req 2A Req 28 Req 3 costing. Prepare an income statement for Year 1 and Year 2. (Round your intermediate calculations to 2 decimal places.) Income Statement Year 1 Year 2 Q Lecture 12- ch 5.. ppt Lecture 11- Ch 5-ppt Lecture 11-Ch S-..p pptx