Problem 19-4AA (Algo) Converting variable costing income to absorption costing income LO A2 Dowell Company produces a single product. Its income under variable costing for its first two years of operation follow. Variable Costing Income Income Additional Information Year 1 $ 46,000 Year 2 $640,000 a. Sales and production data for these first two years follow. Units Units produced Units sold Year 1 47,600 36,000 Year 2 47,600 59,200 b. The company's $38 per unit product cost (for both years) using absorption costing consists of the following. Direct materials Direct labor Variable overhead Fixed overhead ($460,000/46,000 units) Total product cost per unit Required: $ 8 11 9 10 $ 38 Prepare a statement to convert variable costing income to absorption costing income for both years. (Leave no cells blank - be certain to enter "0" wherever required.)