Question:Please answer each of the following questions in detail. Provide in-text citations and include examples whenever applicable.Explain the process costing income statement and provide a hypothetical example of process costing income statement in a manufacturing enterprise. Explain how unit product cost is evaluated in this format. Provide in-text citations and explain your example in detail.Explain the variable costing income statement and provide a hypothetical example of variable costing income statement in a manufacturing enterprise. Provide in-text citations and explain your example in detail.Note:1. Define the words in the own words. Do not directly quote from the textbook.2. Need to write at least 2 paragraphs3. Need to include the information from the textbook as the reference.4. Need to include at least 2 peer reviewed article as the reference.5. Need to provide the examples whenever applicable.5. Please find the related power point and textbook in the attachment
