Skinny Dippers, Inc. produces nonfat frozen yogurt. The product is sold in ten-gallon containers, which have the following price and variable costs Sales price $53 ial Direct 1abor 17 Variable overhead 13 Budgeted fixed overhead in 20x1, the company's first year of operations, was $240,000. Actual production was 80,000 ten-gallon containers, of which 72,000 were sold. Skinny Dippers, Inc. incurred the following selling and administrative expenses. Fixed 80,000 for the year Variable 3 per container sold Required: 1. Compute the product cost per container of frozen yogurt under (a) variable costing and (b) absorption costing. 2-a. Prepare operating income statements for 20x1 using absorption costing. 2-b. Prepare operating income statements for 20x1 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. Reconcile the operating income reported under the two methods using the shortcut method. Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 3 Req 4 Compute the product cost per container of frozen yogurt under (a) variable costing and (b) absorption costing. Per Unit Product Cost Variable costing b. Absorption costing Req 1 Req 2A Complete this question by entering your answers in the tabs below. Req 2B Req 3 Req 1 Req 2A Req 4 Prepare operating income statements for 20x1 using absorption costing. . . SKINNY DIPPERS, INC. Absorption-Costing Operating Income Statement For the Year Ended December 31, 20X1 Selling and Administrative Expenses Req 1 Req 2B Complete this question by entering your answers in the tabs below. Req 1 Req 3 Req 2A Req 2B Req 4 Prepare operating income statements for 20x1 using variable costing. SKINNY DIPPERS, INC. Variable-Costing Operating Income Statement For the Year Ended December 31, 20X1 Variable expenses: Fixed expenses: Req 2A Req 3 Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 4 Req 3 Reconcile the operating income reported under the two methods by listing the two key places where the income statements differ. Subtotal Total Difference in operating income Req 2B Req 4 Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 3 Req 4 . Reconcile the operating income reported under the two methods using the shortcut method. Predetermined fixed overhead rate Change in inventory (in units) Difference in reported operating income units per unit Req 4 Req 3