Question 5 of 5 - 75 E View Policies Current Attempt in Progress Jackson Company produces plastic that is used for injection-molding applications such as gears for small motors. In 2021, the first year of operations, Jackson produced 4,000 tons of plastic and sold 3.500 tons. In 2022, the production and sales results were exactly reversed. In each year, the selling price per ton was $2,000, unit variable manufacturing costs were 15% of the unit selling price unit selling expenses were 10% of the unit selling price, fixed manufacturing costs were $2,800,000, and fixed administrative expenses were $500,000 (d) Comment on the effects of production and sales on net income for 2 years under variable and absorption costing approaches. T BI UT TIE 1 E 2) = 1 O Word(s) eTextbook and Media Assistance Used Save for Later Attempts: unlimited Submit