1. What is the net operating income (loss)in Year 1 under absorption costing?
2. What is the net operating income (loss)in Year 2 under absorption costing?
3. What is the net operating income (loss)in Year 1 under variable costing?
4. What is the net operating income (loss)in Year 2 under variable costing?

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Data Selling price per unit Manufacturing costs $369 Variable per unit produced: Direct materials $151 $70 $33 $145,000 Direct labor Variable manufacturing overhead Fixed manufacturing overhead per year Selling and administrative expenses Variable per unit sold Fixed per year $4. $66,000 Year 1 Year 2 Units in beginning inventory Units produced during the year Units sold during the year 2,900 2,600 2,500 2,600