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Whittnan Company has just cornpleted its first year of operations. The company's absorption costing income statement for the year follows: The compary's selling and administrative

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Whittnan Company has just cornpleted its first year of operations. The company's absorption costing income statement for the year follows: The compary's selling and administrative expenses consist of $292.500 per year in fixed expenses and $3 per unit sold in variable expenses. The $21 unit product cost given above is computed as follows: Required: 1. Redo the compary's income statement in the contribution formot using variable costing 2. Feconcie any difference botween the net operating income on your variable costing income statement and the net operating income on the absorptian costang income statement above. Complete this question by entering your answers in the tats below. Aecto the camoanvis intame statement in the contribubon formot using variable costing Complete this question by entering your answers in the tabs below. Pedo the company's income statement in the contribution format using variable costing Carmpiete this question by entering vour answers In the tabs below. Reconct any difference between the net operating income on your variable costing inceme statument and the net operating income an the absorption costing income statement above. (Entur any losses or deductions as a negative value.)

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