White Water Rafting Company manufactures kayaks, which sell for $595 each. The variable costs of production (per unit) are as follows: Direct Material $215 Direct labor 125 Variable manufacturing overhead 70 Budgeted xed overhead in 20x1 was $477,000 and budgeted production was 53,000 kayaks. The year's actual production was 53,000 units, of which 48,500 were sold. Variable selling and administrative costs were $6 per unit sold; xed selling and administrative costs were $78,000. 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. Complete this question by entering your answers in the tabs below. Req A Req Bl Req BZ Req C Calculate the product cost per kayak under (a) absorption costing and (b) variable costing. (3) Absorption costing (b) Variable costing 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. Complete this question by entering your answers in the tabs below. Prepare operating income statement for the year using absorption costing. 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. Complete this question by entering your answers in the tabs below. Prepare operating income statement for the year using variable costing. White Water Rafting Company manufactures kayaks, which sell for $595 each. The variable costs of production (per unit) are as follows: Direct Material $215 Direct labor 125 Variable manufacturing overhead 70 Budgeted xed overhead in 20x1 was $477,000 and budgeted production was 53,000 kayaks. The year's actual production was 53,000 units, of which 48,500 were sold. Variable selling and administrative costs were $6 per unit sold; xed selling and administrative costs were $78,000. 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. Complete this question by entering your answers in the tabs below. predetermined absorption-costing income xed overhead minus variable-costing rate income Change in inventory (in units) unit increase