Question: Compute the Absorption Costing Unit Product Cost Year 1 Year 2 Direct materials 9 9 Direct labor 9 9 Variable manufacturing overhead 9 9 Fixed

Compute the Absorption Costing Unit Product Cost Year 1 Year 2 Direct materials 9 9 Direct labor 9 9 Variable manufacturing overhead 9 9 Fixed manufacturing overhead 9 9 Absorption costing unit product cost 9 9 Construct the Absorption Costing Income Statement Year 1 Year 2 Sales ? I 9 Cost of goods sold ? 9 Gross margin ? 9 Selling and administrative expenses ? _ 9 Net operating income ? 9

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