Required:

$1.$ Complete the following:

a$.$ Compute the unit product cost under absorption costing.

b$.$ What is the company$$s absorption costing net operating income $($loss$)$ for the quarter?

c$.$ Reconcile the variable and absorption costing net operating income $($loss$)$ figures.

$3.$ During the second quarter of operations, the company again produced $31,500$ units but sold $34,500$ units. $($Assume no change in total fixed costs.$)$

a$.$ What is the company$$s variable costing net operating income $($loss$)$ for the second quarter?

b$.$ What is the company$$s absorption costing net operating income $($loss$)$ for the second quarter?

c$.$ Reconcile the variable costing and absorption costing net operating incomes $($losses$)$ for the second quarter.