51. Germaine Company uses standard costing Tim Sweeney, the new president of St. Germaine Compary, is presented with the following itata for 2020 Read the cecuirements Requirement 1. At what percentage of donominator level was the plant operating during 2020 ? Requirement 2. How much fixod manufacturing overhead was included in the 2019 and the 2020 ending irmentory under atborption costing? Determine the formula, then compute how much of fixed manufacturing overhead was included in the 2019 and the 2020 ending inventory under absorption cosking. (Abbrensetion used "infg" = manufacturing ? Requirement 3. Reconcile and explain the dfference in 2020 operating incomes under variable and absorption costing. " Variable, "intg" = manufacturing, "beg," = begrining, "end," = ending ) Data table Requirements 1. At what percentage of denominator level was the plant operating during 2020 ? 2. How much fixed manufacturing overhead was included in the 2019 and the 2020 ending inventory under absorption costing? 3. Reconcile and explain the difference in 2020 operating incomes under variable and absorption costing. 4. Tim Sweeney is concerned: He notes that despite an increase in sales over 2019,2020 operating income has actually declined under absorption costing. Explain how this occurred