Exercise 17.30 Splish Iron began last year with no inventories. During the year, 10,700 units were produced, of which 9,500 were sold. Data concerning last year's operations appear here in New Taiwanese dollars, NTS): Revenue NT$ 33,820 Variable direct materials costs 2,247 Variable direct labour costs 3,638 Variable manufacturing overhead 2,782 Variable selling 950 Fixed manufacturing overhead 8,300 Fixed selling and administrative costs 14,858 Variable manufacturing costs reflect the variable cost to produce the number of units manufactured. However, variable selling costs are not incurred until the units are sold, so they reflect the cost for the number of units sold. Splish Iron allocates actual manufacturing overhead costs to inventory, based on actual units produced. Calculate the value of ending inventory on the balance sheet under the following: 1. Variable costing 2. Absorption costing 3. Throughput costing (Round per unit costs to 4 decimal places e.g. 1.2354 and final answers to whole amounts, e.g. 5,725.) Ending Inventory Variable costing Absorption costing Throughput costing NTS NTS NTS LINK TO TEXT LINK TO TEXT Calculate operating income under the following: 1. Variable costing 2. Absorption costing 3. Throughput costing (Round all entries to whole amounts, e.g. 5,725. Enter loss using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Operating Income Variable costing NTS Absorption costing NTS Throughput costing NTS LINK TO TEXT LINK TO TEXT Estimate the variable costing operating income if 12,000 units were produced and sold in a year. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Operating income NTS