Problem 8-32 Straightforward Problem on Absorption versus Variable Costing (LO 8-2, 8-3, 8-4) Skinny Dippers inc, produces nonfat frozen yogurt. The product is sold in ten-gallon containers, which have the following price and variable costs. Budgeted fixed overhead in 20x1, the company's first year of operotions, was $360,000. Actual production was 180,000 ten-galion containers, of which 171,000 were sold. Skinny Dippers inc, incurred the following selling and administrative expenses. Required: 1. Compute the product cost per container of frozen yogurt under (a) variable costing and (b) absorption costing. 2-a. Prepare an operating income statement for 201 using absorption costing. 2-b. Prepare an operating income statement for 201 using variable costing. 3. Reconcile the operating income reported under the two methods by listing the two key places where the income statements differ. 4. Feconcie the operating income reported under the two methods using the shortcut method. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Compute the product cost per container of frozen yogurt under (a) variable costing and (b) absorption costing. Complete this question by entering your answers in the tabs below. Prepare an operating income statement for 201 using absorption costing. Complete this question by entering your answers in the tabs below. Prepare an operating income statement for 201 using variable costing. 2-b. Prepare an operating income statement for 201 using variable costing. 3. Reconcile the operating income reported under the two methods by listing the two key places where the income state 4. Reconcile the operating income reported under the two methods using the shortcut method. Complete this question by entering your answers in the tabs below. Reconcile the operating income reported under the two methods by listing the two key places where the hcome statements differ: 2-a. Prepare an operating income statement for 201 using absorption costing. 2.b. Prepare an operating income statement for 201 using variable costing. 3. Reconcile the operating income reported under the twomethods by listing the two key places where the income statements differ. 4. Reconcile the operating income reported under the two methods asing the shortcut method. Complete this question by entering your answers in the tabs below. Reconcile the operating income reported under the two methods using the shortcut method