what is the answer of question 2a and 2b?

value 4,00 points Walsh Company manufactures and sells one product. The following information pertains to each first two years of operations: 29 11 Variable costs per unit Manufacturing Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year Fixed manufacturing overhead Fixed selling and administrative expenses SAGA $ 320,000 $ 70,000 During its first year of operations, Walsh produced 50,000 units and sold 40,000 units. During its seco operations, it produced 40.000 units and sold 50.000 units. The selling price of the company's product unit. Required: 1. Assume the company uses variable costing a Compute the unit product cost for year 1 and year 2 Year 1 Year 2 Unit product cost $ 46 $ 46 1. Prepare an income statement for year 1 and year 2 Walsh Company Income Statement SAP ED b. Prepare an income statement for year 1 and year 2. Walsh Company Income Statement Year 1 Year 2 Sales $ 2,000,000 $2,500,000 Variable expenses Variable cost of goods sold 1,840,000 2,300,000 Variable selling and administrative 200,000 250.000 Total variable expenses (Contribution margin Fixed expenses Fixed manufacturing overhead Fixed selling and administrative expense 2.040,000 (40,000) 2,550,000 (50,000) 320,000 70,000 320,000 70,000 Total fuced expenses Net operating loss 390.000 $ (430,000) $ 390.000 (440.000) 2. Assume the company uses absorption costing a compute the unit product cost for year 1 and year 2. (Round your answers to 2 decim Year 1 Year 2 Se 52 an! 54 a Compute the unit product cost for year 1 and year 2 (Round your answers to 2 Year 2 Year 1 52.40 $ $ Unit product cost 5400 b. Prepare an income statement for year 1 and year 2. (Round your intermediate calculations to 2 decimal places) Walsh Company Income Statement Year 1 Year 2 Sales $ 2.000.000 $ 2.500.000 Cost of goods sold 2,096.000 Gross margin (96.000) 2.500.000 Selling and administrative expenses + Net operating Income (0) $ (96.000) $ 2.500.000 3 Reconcile the difference between variable costing and absorption costing net operating income in year 1 and year 2 Variable congering income Year 1 Year 2 BD SAM