Problem 5-5 The following information is available for Clinton Pools, a manufacturer of above-ground swimming pool kits: 2017 11,840 9,900 $3,920 $780 $1,600 $300 2018 Total 7,960 19,800 9,900 19,800 Units produced Units sold Selling price per unit Direct material per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per year Fixed selling and administrative expense per year $3,920 $780 $1,600 $300 $2,450,880 $2,450,880 $1,643,200 $1,643,200 In its first year of operation, the company produced 11,840 units but was able to sell only 9,900 units. In its second year, the company needed to get rid of excess inventory (the extra 1,940 units produced but not sold in 2017), so it cut back production to 7,960 units Your answer is partially correct. Try again Calculate profit for both years using full costing. (Round cost per unit to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, e.g.125.) 2017 2018 Net profit LINK TO TEXT LINK TO TEXT ] Your answer is correct. Note that profit has declined in 2018. Is company performance actually worse in 2018 compared to 2017? No T