the answer that I got for required 1 is unit product cost is $22 the answers that I got for required 2 are net operating income for year 1 is $186,000 net operating income for year 2 is $566,000 During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows Sales ( $63 per unit) Cost of goods sold ( $34 per unit) Gross margin Selling and administrative expenses Net operating income Year 1 $ 1,197,000 646,000 551,000 305,000 $ 246,000 Year 2 $ 1,827,000 986 000 841 000 335,000 $ 506,000 $3 per unit variable $248 000 fixed each year, The company's $34 unit product cost is computed as follows Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead ($288,000 24,000 units) Absorption costing unit product cost A 12 S 34 Production and cost data for the first two years of operations are Units produced Units sold Year 1 24,000 19,000 Year 2 24,000 29,000 Required 1 Using variable costing, what is the unit product cost for both years 2 What is the variable costing net operating income in Year 1 and in Year 2 3 Reconcile the absorption costing and the variable costing net operating income figures for each year Answer is not complete Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Reconcile the absorption costing and the variable costing net operating income figures for each year Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Year 1 Year 2 Variable costing not operating income (loss) Add (doduct) fixed manufacturing overhead deferred in (released from) inventory under absorption costing Absorption costing net operating income

Question

the answer that I got for required 1 is  unit product cost is $22 the answers that I got for required 2 are  net operating income for year 1 is $186,000 net operating income for year 2 is $566,000 During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows  Sales (  $63 per unit) Cost of goods sold (  $34 per unit) Gross margin Selling and administrative expenses Net operating income Year 1 $ 1,197,000 646,000 551,000 305,000 $ 246,000 Year 2 $ 1,827,000 986 000 841 000 335,000 $ 506,000  $3 per unit variable  $248 000 fixed each year, The company's $34 unit product cost is computed as follows  Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead ($288,000 24,000 units) Absorption costing unit product cost A 12 S 34 Production and cost data for the first two years of operations are  Units produced Units sold Year 1 24,000 19,000 Year 2 24,000 29,000 Required  1  Using variable costing, what is the unit product cost for both years  2  What is the variable costing net operating income in Year 1 and in Year 2  3  Reconcile the absorption costing and the variable costing net operating income figures for each year  Answer is not complete  Complete this question by entering your answers in the tabs below  Required 1 Required 2 Required 3 Reconcile the absorption costing and the variable costing net operating income figures for each year  Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Year 1 Year 2 Variable costing not operating income (loss) Add (doduct) fixed manufacturing overhead deferred in (released from) inventory under absorption costing Absorption costing net operating income

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the answer that I got for required 1 is: unit product cost is $22 the answers that I got for required 2 are: net operating

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