Skinny Dippers Inc. produces nonfat frozen yogurt. The product is sold in ten-gallon containers, which have the following price and variable costs. $50 Sales price Direct material Direct labor Variable overhead 18 12 12 Budgeted fixed overhead in 20x1, the company's first year of operations, was $270,000. Actual production was 90,000 ten-gallon containers, of which 81000 were sold. Skinny Dippers Inc incurred the following seling and administrative expenses Fixed Variable $ 90,000 for the year 2 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 an operating income statement for 20x1 using absorption costing. 2-b. Prepare an operating income statement 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. Reg 1 Reg 2A Reg 28 Reg 3 Reg 4 Compute the product cost per container of frozen yogurt under (a) variable costing and (b) absorption costing. Per Unit Product Cost a Variable costing b. Absorption costing Roq 1 Req 2A > Complete this question by entering your answers in the tabs below. Reg 1 Req 2A Req 2B Req 3 Reg 4 Prepare an operating income statement for 20x1 using absorption costing. SKINNY DIPPERS INC. Absorption-Costing Operating Income Statement For the Year Ended December 31, 20X1 $ 0 Selling and Administrative Expenses Req 1 Reg 2A Req 2B Reg 3 Reg 4 Prepare an operating income statement for 20x1 using variable costing. SKINNY DIPPERS INC. Variable-Costing Operating Income Statement For the Year Ended December 31, 20X1 Variable expenses $ 0 Fixed expenses $ 0 Reg 1 Reg 2A Req 2B Reg 4 Reg 3 XXX Reconcile the operating income reported under the two methods by listing the two key places where the incomes differ. $ 0 Subtotal $ 0 Total $ 0 Difference in operating income Reg 1 Reg 2A Reg 28 Reg 3 Reg 4 Reconcile the operating income reported under the two methods using the shortcut method, Change in inventory (in units) units Predetermined fixed overhead rate per unit Difference in reported operating income