Using variable costing, what is the unit product cost for both years?

ezto.mheducation.com C Assignments: ACC-231-41-Managerial Accounting-25355 X M Question 2 - Chapter Seven Problems- Required - Connect Critical Film Analysis 1 - SANKOFA Chapter Seven Problems- Required i Saved Help Save & Exit Submit Check my work 2 Problem 7-19 (Algo) Variable Costing Income Statement; Reconciliation [LO,7-1, LO7-2, LO7-3] 3.33 points During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: Year 1 Year 2 Sales (@ $62 per unit) $ 930, 000 $ 1, 550, 000 Cost of goods sold (@ $39 per unit) 585, 000 975, 000 eBook Gross margin 345, 000 575, 000 Selling and administrative expenses* 293, 000 323, 000 Net operating income $ 52, 000 $ 252, 000 Print * $3 per unit variable; $248,000 fixed each year. References The company's $39 unit product cost is computed as follows: Direct materials $ 10 Direct labor Variable manufacturing overhead Fixed manufacturing overhead ($340, 000 + 20,000 units) 17 Absorption costing unit product cost $ 39 Production and cost data for the first two years of operations are: Year 1 Year 2 Units produced 20, 000 20,000 Units sold 15, 000 25, 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 quaction hu are in the tahe halow Mc Graw Hill