value 10.00 points During Heaton Company's first two years of operations, the company reported absorption costing net operating income as follows Sales (@ $61 per unit) Cost of goods sold (@ S37 per unit) $ 976,000 $ 1,586,000 592,000 962,000 Gross margin Selling and administrative expenses 384,000 297 600 624,000 327,600 Net operating income $ 86 400 $296,400 $3 per unit variable, $249,600 fixed each year The company's $37 unit product cost is computed as follows Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead ($378,000 + 21000 units) 18 -- O Type here to search