please help with requirement 1. a-h and requirement 2.

Homework: Ch 6 HW 4 of 5 (0 completo) Score: 0 of 2 pts E6-37A (similar to) Diamond Industries has one product. Information about the production and sales of that product for the past year folow (Click the icon to view the data) The company had no beginning inventory Read the reguramente Requirement 1. Prepare two income statements for the year, one using absorption costing and one using variable costing Begin by preparing the income statement for the year using absorption costing Diamond Industries Requirements Income Statement (Absorption Costing) For the Year Ended 1. Prepare two income statements for the year, one using absorption costing and one using variable costing. Use those statements to answer the following questions Less What is the product cost per unit using absorption costing? b. What is the product cost per unit using variable costing? G Los What is the ending inventory balance using absorption costing? d. What is the ending inventory balance using variable costing? e. What is cost of goods sold using absorption costing? What is cost of goods sold using variable costing? 9 What is operating income using absorption costing? h What is operating income using variable conting? Choose from any list or enter any number in the input fields and then click 2. What is the underlying reason for the difference in operating income between the two costing methods? 10 porte remaining 4 of 5 (0 complete ut the production and sales of that product for the past year follow. X Data Table the year, one usil Par using absorptio ng) Selling price per unit 46.00 Direct material per unit $ 21.00 Direct labor per unit. $ 3.00 Total annual manufacturing overhead $ 190,000 Fixed portion of annual manufacturing overhead .$ 171,000 Variable operating expenses per unit sold S 2.00 Fixed operating expenses per year in total.......$ 46,000 Units manufactured 19,000 Units sold 12,000 Print Done in the input fields and then click Check Answer Clear All DOD FO 80 ODD F4 F3 17 F6 FS A * 7 $ 4 % 5 & 7 1 0 6 8 8 9