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Help Save & Exit Submit During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: $ 1,134,00 $ 1.764,00 1.000.000 756, 6, Sales @ $63 per unit) Cost of goods sold ( 536 per unit) Gross margin Selling and administrative expenses Net operating income *$3 per unit variable: $250,000 foxed each year, The company's $36 unit product cost is computed as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead (5568,000 Absorption costing unit product cost 23,000 units) Forty percent of foed manufacturing overhead consists of wages and salaries the remainder consists of depreciation charges on production equipment and buildings Production and cost data for the first two years of operations are Production and cost data for the first two years of operations are Save Help Seve & Exk Submit Units produced Units sold Year 1 23.000 18,000 Year 2 23,00 28,00 Required: 1. Using variable costing, what is the unit product cost for both years? 2. What is the variable costing net operating income in Year 1 and in Year 2? 3. Reconcile the absorption costing and the variable costing net operating income figures for each year, Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Using variable costing, what is the unit product cost for both years? Unit product cost Red Required 2 > Production and cost data for the first two years of operations are: Help Seve & Exk Submit Units produced Units sold Year 1 23,000 18,000 Year 2 23,000 28.000 Required: 1. Using variable costing, what is the unit product cost for both years? 2. What is the variable costing net operating income in Year 1 and in Year 2? 3. Reconcile the absorption costing and the variable costing net operating income figures for each year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is the variable costing net operating income in Year 1 and in Year 27 (Los amounts should be indicated with a minus sign.) Year 1 Not operating income foss)