1:Prepare a variable costing contribution margin income statement for each year

2: Reconcile the absorption costing EBIT and the variable costing EBIT figures for each year by computing the deferred/released fixed overhead for each year and applying the proper

During Heaton Company's first two years of operations, the company reported the absorption costing income statement as follows: The company's manufacturing cost per unit under absorption costing for both years is computed as follows: Production and sales data for the two years are