ter 4 Graded Homework Save & ER Submit 5 Whitman Company has just completed its first year of operations. The company's absorption costing income statement for the year follows: WIN that al 40,000 unit. 36. per i code and 140.000 wita penis) Cross margin Selling and administrative Het operating income 61,740,000 10,000 184,000 500.000 204.000 tet The company's selling and administrative expenses consist of $300,000 per year in fixed expenses and 65 per unit sold in variable expenses. The $24 unit product cost given above is computed as follows $12 Direct materiale Direct labor Variable manufacturing overhead Fixed manufacturiny averhead 192,000 - 48.000/unit Ahearption costing unit product cost 24 Required: 1. Redo the company's income statement in the contribution format using variable costing 2. Reconcile any difference between the net operating income on your variable costing income statement and the net operating income on the absorption costing income statement above. Complete this question by entering your answers in the tabs below. TAR Hele Seve El Sulit Complete this question by entering your answers in the tabs below. 6 Required 1 Required 2 10 Dans Redo the company's income statement in the contribution format using variable costing Whitman Company Variable Costing non statement ces Required 2 > 6 Required: 1. Redo the company's income statement in the contribution format using variable costing. 2. Reconcile any difference between the net operating income on your variable costing income statement and the net operating income on the absorption costing income statement above. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Book int Reconcile any difference between the net operating income on your variable costing income statement and the net operating Income on the absorption costing income statement above. (Enter any losses or deductions as a negative value> Reconciliation of Variable Couting and Absorption Conting Net Operating Incomes Variable costing net operating income ences Absorption costing nef operating income