Skinny Dippers, Inc., produces nonfat frozen yogurt which it sells to restaurants and ice cream shops. The product is sold in 10-gallon containers, which have the following price and variable costs. Sales price Direct material $49 19 Variable overhead Budgeted fixed overhead in 20x4, the company's first year of operations, was $540,000. Actual production was 180,000 10-gallon containers, of which 162,000 were sold. Skinny Dippers, Inc. incurred the following selling and administrative expenses. Fixed $180,000 for the year Variable $ per container sold Required: 1. Compute the per unit product cost per container of frozen yogurt under variable costing and absorption costing. Per unit product cost Absorption costing 2. Prepare operating income statements for the year 20x4 using: a. Absorption costing. SKINNY DIPPERS, INC. Absorption-Costing Operating Income Statement For the Year Ended December 31, 20x4 Selling and Administrative Expenses b. Variable costing SKINNY DIPPERS, INC Variable-Costing Operating Income Statement For the Year Ended December 31, 20X4 Variable expenses Fixed expenses: 4. Reconcile the operating income reported under the two methods using the shortcut method Difference in Predetermined-reported | fixed overhead rate Change in inventory (in units) ixed overhead rteting income units per unit