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Problem 5-6 The following information is available for Marx Canoes, a company that builds inexpensive aluminum canoes: 2017 2018 Total Units produced 20,390 14,210 34,600 Units sold 17,300 17,300 34,600 Selling price per unit $500 $500 Variable production costs per unit $176 $176 Direct material per unit $73 $73 Direct labor per unit $44 $44 Variable manufacturing overhead per unit $59 $59 Fixed manufacturing overhead per year $713,650 $713,650 Fixed selling and administrative expense per year $198,700 $198,700 In its first year of operation, the company produced 20,390 units but was able to sell only 17,300 units. In its second year, the company needed to get rid of excess inventory (the extra 3,090 units produced but not sold in 2017) so it cut back production to 14,210 units. Calculate profit for both years using full costing. ( Round cost per unit to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, e.g.125.) 2017 2018 Net profit $Note that prot has declined in 2018. Is company performance actually worse in 2018 compared to 2017? Calculate prot for both years using variable costing. Net prot $| | $| | Does variable costing prot present a more realistic View of rm performance in the 2 years