Walsh Company manufactures and sells one product. The following information pertains

to each of the company's first two years of operations:

During its first year of operations, Walsh produced $50,000$ units and sold $40,000$ units.

During its second year of operations, it produced $40,000$ units and sold $50,000$ units.

The selling price of the company's product is $$53$ per unit.

Requlred:

Assume the company uses varlable costing:

a$.$ Compute the unit product cost for Year $1$ and Year $2.$

b$.$ Prepare an Income statement for Year $1$ and Year $2.$

Assume the company uses absorption costing:

a$.$ Compute the unit product cost for Year $1$ and Year $2.$

b$.$ Prepare an Income statement for Year $1$ and Year $2.$

Reconcile the difference between varlable costing and absorption costing net

operating Income in Year $1$ and Year $2.$

Complete this question by entering your answers in the tabs below.

Req$1A$

Req$2B$

Assume the company uses variable costing. Compute the unit product cost for year $1$ and year $2.$

Complete this question by entering your answers in the tabs below.

Assume the company uses variable costing. Prepare an income statement for Year $1$ and Year $2.$

$\backslash$table$[[$Walsh Company$],[$Income Statement$],[,$Year $1,$Year $2],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[$Net operating income $($loss$),,]]$

Complete this question by entering your answers in the tabs below.

Req$2A$

Assume the company uses absorption costing. Compute the unit product cost for Year $1$ and Year $2.$

Note: Round your answer to $2$ decimal places.

Complete this question by entering your answers in the tabs below.

Req$2B$

Assume the company uses absorption costing. Prepare an income statement for Year $1$ and Year $2.$

Note: Round your intermediate calculations to $2$ decimal places.

$\backslash$table$[[$Walsh Company$],[$Income Statement$],[,$Year $1,$Year $2],[,,],[,,],[,,],[,,],[$Net operating income $($loss$),,]]$

Complete this question by entering your answers in the tabs below.

Reconcile the difference between variable costing and absorption costing net operating income in Year $1$ and Year $2.$

Note: Enter any losses or deductions as a negative value.