Problem 5-5 The following information is available for Duffy Dog Pools, a manufacturer of above-ground swimming pool kits 2017 12,700 10,700 $3,740 $870 $1,500 $323 2018 Total 8,700 21,400 10,700 21,400 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 3,740 $870 $1,500 $323 $2,578,100 $2,578,100 $1,485,800 $1,485,800 In its first year of operation, the company produced 12,700 units but was able to sell only 10,700 units. In its second year, the company needed to get rid of excess inventory (the extra 2,000 units produced but not sold in 2017), so it cut back production to 8,700 units. Calculate profit for both years using full costing. (Round cost per unit to 2 decimal places, e.g. 15.25 and final answers to O decimal places, e.g.125.) 2017 2018 Net profits LINK TO TEXT LINK TO TEXT Note that profit has declined in 2018. Is company performance actually worse in 2018 compared to 2017