prepare two income statements for the year, one utilizing absorption costing, the other using variable costing. why do these two methods produce different operating incomes?

Les industries as one product Information about the product and sales of this product for the past year ow. the con to view the date > the company had no beginning inventory Rene themes Spade Industries Income Statement Absorption Costing For the Year Ended LE - X Data Table Less Now prepare the come statement for the year using vanable costing Spade Industries Contribution Margin Income Statement (Variable Casting For me ye Ende Selling price per unit 3 4800 Direct material per unit 3 17.00 Diret labor perint 3 Total annual manufacturing overhead 5: 220.000 Fixed portion of annual manufacturing overheads 100.000 Variable operating expenses per unit sold 5 7.00 Fixed operating expenses per year in total 5 45.000 Units manufactured 20.000 Units sold 15.000 LE Print Done Use the statements you reed to answer the following questions What the product cost per unit using absorption online Sb What is the product cost per units variable boating? te What is the ning inventory balance using abortion sang 10 What is the ending inventory titance using variables 1e What is cost of goods using absorption costino? 11 What is confoods told using variable conting? 10 What is operating income ang abscon costing Whis operating name using anable casting Requirement 2. What is the underlying on for the difference in operating income between the two costing method Ming generates a higher operating come. This is because under absorption costing whereas vanable costing Choose from any ist or enter any number in the input fields and then continue to the next