If your formulas are correct, you should get the correct answers to the following questions. (a) What is the net operating income (loss) in Year 1 under absorption costing? Answer is complete but not entirely correct. Net operating income (b) What is the net operating income (loss) in Year 2 under absorption costing? Answer is complete but not entirely correct. (c) What is the net operating income (loss) in Year 1 under variable costing? (d) What is the net operating income (loss) in Year 2 under variable costing? (b) What is the net operating income (loss) in Year 2 under absorption costing? Answer is complete but not entirely correct. (c) Would this doubling of production in Year 2 be in the best interests of the company if sales are expected to continue to be 2.600 units per year? Yes No