For Refreshade Discounts allowances- incurs the following costs for its powdered sports beverage wit 2024: Data Table D Harche Direct material cost per ease Direct Labor cost per 241e Variable manufacturing overhead cost $4.00 per 27s0 1.07 per case per ease 6.00 per case over head Costs 0.40p $32,000 pa 933 work month we selling and administrative costs Variable Totul fixed manufacturing Total fixed selling and administrative costs Powdered mix produced. $24,000 pr 55.00 oper 8,000 cases Sales price per ease Cases. of Cuses of powdered mix sold 5,000 Requirements 1. What is Refreshade's absorption costing and 2. Prepare income per case under product cost vaiable cothing? statements for Refreshade for March 2074 using absorption costing and variable Costing 3. Calculate the balance in finished Goods March 31, 2024, using absorption 4. Reconcile the differences between. costing and finished inventory on costing and uaniable operating incomes. methods 6oods the inventory balances between the two cisting