Dirt-B-Gone Company manufacturers a professional-grade vacuum cleaner and began operations in 2017. For 2017. Dirt-B-Gone budgeted to produce and sell 21,000 units. The company had no price, spending, or efficiency variances and writes off production Volume variance to cost of goods sold. Actual data for 2017 are given as follows: III (Click the icon to view the actual data for 2017) Read the requirements Requirement 1. Prepare a 2017 income statement for Dirt - B-Gone Company using variable costing. Complete the top half of the income statement first, then complete the bottom portion (For amounts with a 50 balance, make sure to enter "O" in the appropriate cell.) Variable Costing Revenues Variable cost of goods sold Beginning inventory Variable manufacturing costs Cost of goods available for sale Deduct ending inventory Variable cost of goods sold Variable manufacturing costs Contribution margin Data Table Units produced 16,000 Units sold 15,500 $ 438 $ 30 25 Selling price Variable costs: Manufacturing cost per unit produced: Direct materials Direct manufacturing labor Manufacturing overhead Marketing cost per unit sold Fixed costs: Manufacturing costs Administrative costs Marketing costs 64 47 $ 1,344,000 965,450 1,450,000 Print Done Requirements ah 1. Prepare a 2017 income statement for Dirt-B-Gone Company using variable costing. 2. Prepare a 2017 income statement for Dirt -B-Gone Company using absorption costing. 3. Explain the differences in operating incomes obtained in requirements 1 and 2. 4. Dirt -B-Gone's management is considering implementing a bonus for the supervisors based on gross margin under absorption costing. What incentives will this bonus plan create for the supervisors? What modifications could Dirt -B-Gone management make to improve such a plan? Explain briefly. Print Done to a