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Bracey Company manufactures and sells one product. The following information pertains to the company's first year of operations: $ 35 Variable cost per unit: Direct materials Fixed costs per year: Direct labor Fixed manufacturing overhead Fixed selling and administrative expenses $ 518,000 $ 464,800 $ 80,000 The company does not incur any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, Bracey produced 28,000 units and sold 25,500 units. The selling price of the company's product is $77 per unit. Required: 1. Assume the company uses super-variable costing: a. Compute the unit product cost for the year. b. Prepare an income statement for the year. 2. Assume the company uses a variable costing system that assigns $18.50 of direct labor cost to each unit produced: a. Compute the unit product cost for the year. b. Prepare an income statement for the year. 3. Assume the company uses an absorption costing system that assigns $18.50 of direct labor cost and $16.60 of fixed manufacturing overhead cost to each unit produced: a. Compute the unit product cost for the year. b. Prepare an income statement for the year. 4a. Reconcile the difference between the super-variable costing and variable costing net operating incomes. 4b. Reconcile the difference between the super-variable costing and absorption costing net operating incomes. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2A Req 2B Req Req 3B Req 4A Req 4B Compute the unit product cost for the year. Assume the company uses super-variable costing. Unit product cost Req 1A Reg 1B Reg 2A Req 2B Req Req 3B Req 4A Prepare an income statement for the year. Assume the company uses super-variable costing. Bracey Company Super-Variable Costing Income Statement Fixed expenses: Req 1A Req 1B Req 2A Req 2B Req Req 3B Req 4A Req 4B Compute the unit product cost for the year. Assume the company uses a variable costing system that assigns $18.50 of direct labor cost to each unit produced. (Round your answer to 2 decimal places.) Unit product cost Prepare an income statement for the year. Assume the company uses a variable costing system that assigns $18.50 of direct labor cost to each unit produced. (Round your intermediate calculations to 2 decimal places.) Bracey Company Variable Costing Income Statement Fixed expenses: Compute the unit product cost for the year. Assume the company uses an absorption costing system that assigns $18.50 of direct labor cost and $16.60 of fixed manufacturing overhead cost to each unit produced. (Round your answer to 2 decimal places.) Unit product cost Prepare an income statement for the year. Assume the company uses an absorption costing system that assigns $18.50 of direct labor cost and $16.60 of fixed manufacturing overhead cost to each unit produced. (Round your intermediate calculations to 2 decimal places.) Bracey Company Absorption Costing Income Statement Reg 1A Reg 1B Reg 2A Req 2B Req Req 3B Req 4A Req 4B Reconcile the difference between the super-variable costing and variable costing net operating incomes. Super-variable costing net operating income (loss) Variable costing net operating income (loss) Req 1A Req 1B Reg 2A Reg 2B Req Req 3B Req 4A Req 4B Reconcile the difference between the super-variable costing and absorption costing net operating incomes. Super-variable costing net operating income (loss) Absorption costing net operating income (loss)

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