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Check my work Walsh Company manufactures and sells one product. The following information pertains to each of the company's first two years of operations: Variable costa per unit: Manufacturing: Direct materials Direct labor Variable manufacturing overhead 26 13 ed $ Variable selling and administrative ok Fixed costs per year: 320, 000 $ 90,000 Fixed manufacturing overhead nt Fixed selling and administrative expenses 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 $59 per unit. Required: 1. Assume the company uses variable costing: a. Compute the unit product cost for Year 1 and Year 2 b. Prepare an income statement for Year 1 and Year2 2. Assume the company uses absorption costing: a. Compute the unit product cost for Year 1 and Year 2 Activate Windows K Prev 8of 8 Next