Flint Iron began last year with no inventories. During the year, 10,800 units were produced, of which 9,500 were sold. Data concerning last year's operations appear here (in New Taiwanese dollars, NT$): Revenue NT$ 33,155 Variable direct materials costs 2,268 Variable direct labour costs 3,348 Variable manufacturing overhead 3,024 Variable selling 950 Fixed manufacturing overhead 8,100 Fixed selling and administrative costs 14,420 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. Flint Iron allocates actual manufacturing overhead costs to inventory, based on actual units produced. (a) 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 NT$ Absorption costing NT$ Throughput costing NT$ e Textbook and Media Attomnts of 3 ured Submit neuer (b) 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 NT$ Absorption costing NT$ Throughput costing NT$ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (c) Your answer is incorrect. Estimate the variable costing operating income if 12,200 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 NT$ e Textbook and Media Save for Later Attempts: 1 of 3 used Submit