Data Table Game Time manufactures video games that it sells for $42 each. The company uses a fixed manufacturing overhead allocation rate of $4 per game. Assume all costs and p months in business during 2018: 1 Click the icon to view the data.) Read the requirements. October November October 2018 November 2018 Total Sales Production Variable manufacturing ocst per game Sales commission cost per game Totall fixed manufacturing overhead Total fixed selling and administrative costs 1.200 units 2.200 units 15 2.600 units Net Sales RevenUE Cost of Goods Sold Gross Profit Selling and Administrative Costs Operesting Income Requirement 2b. Prepare manthly income statements or October and Novembes, including colunns for e 50,400 S 22.800 27,600 109,200S 49,400 159,600 72,200 87,400 28,400 2,200 units 59,800 8.800 8.800 15,500 $ 43,500 8.500 8,500 Print Done Game Time Variable Costing Income Statement October 2018 November 2018 Total 1. Compute the product cost per game produced under absorption costing and under variable coeting Prepare monthly income staterments for October and Navember, including oolumns for each month and atote column, using these costing methods: a. absorption costing. b. variable costing. 109,200 $ 159,800 Net Sales Revenue Cost of Goods Sold Gross Profit Selling end Administrative Costs Operating Income 50,400$ 2. 3. Is operating income higher under absorption costing or variable costng in October? In November? Explain the pattern af differences in operating income based on absorption costing versus variable costing 4. Determine the balance in Finished Goods Inventory on October 31 and Choose from any list or enter any number in the input fields and then click Check Answer November 30 under abeorption coeing and variable cosing. Compare the differences in inventory balances and the differences in operating income, Explain the difterences in inventory balances based on absorption costing Check