White Water Rafting Company manufactures kayaks, which seil for $615 each. The variable costs of production (per unit) are as follows Budgeted fixed overhead in 201 was $440,000 and budgeted production was 55,000 kayaks. The year's actual production was 55,000 units, of which 49.500 were sold. Variable selling and administrative costs were $5 per unit sold; fixed selling ond adivinistrative costs were $80,000. Required: A. Calculate the product cost per kayak under (a) absorption costing and (b) variable costing: B. Prepare operating income statements for the year using (a) absorption costing and (b) variable costing C. Reconcile reported operating income under the two methods using the shortcut method: Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare operating inchme statement for the year using variabie coiting. Complete this question by entering your answers in the tabs below. Prepare operating income statement for the year using variable costing