Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the company's total cost for the year assuming that variable manufacturing costs are driven by the number of units produced, and variable selling and administrative costs are driven by the number of units sold. Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 How much of this cost would be held in yearend inventory under (a) absorption costing and (b) variable costing? Absorption costing Variable costing ( Required1 Required3 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 How much of the company's total cost for the year would be included as an expense on the period's income statement under (a) absorption costing and (b) variable costing? Absorption costing Variable costing ( Required 2 Emerson Corporation just completed its first year of operations. Planned and actual production equaled 20,000 units, and sales totaled 19,000 units at $130 per unit. Cost data for the year are as follows: Direct material (per unit) $ 26 Conversion cost: Direct labor ?89,BBB Variable manufacturing overhead 669JBBB Fixed manufacturing overhead ?89JBBB Selling and administrative costs: Variable (per unit} 28 Fixed 355J 39E! Required: 1. Compute the company's total cost for the year assuming that variable manufacturing costs are driven by the number of units produced, and variable selling and administrative costs are driven by the number of units sold. 2. How much of this cost would be held in yearend inventory under (a) absorption costing and (b) variable costing? 3. How much of the company's total cost for the year would be included as an expense on the period's income statement under (a) absorption costing and (b) variable costing