Given the following information:

$\backslash$table$[[,\backslash$table$[[$Prior Year$],[($Budget$)]],\backslash$table$[[$Prior Year$],[($Actual$)]],\backslash$table$[[$Current$],[$Year$],[($Budget$)]],\backslash$table$[[$Current Year$],[($Actual$)]]],[$Beginning Inventory $($Units$),0,0,?,?],[$Sales $($Units$),610,000,570,000,582,000,590,000],[$Manufactured $($Units$),600,000,590,000,640,000,610,000],[$Selling Price $($$$/$unit$),9\mathrm{.}99,9\mathrm{.}90,9\mathrm{.}95,10\mathrm{.}10],[$Variable Manufacturing Cost $($$$/$unit$),4\mathrm{.}93,4\mathrm{.}93,4\mathrm{.}96,4\mathrm{.}96],[$Total Fixed Manufacturing Costs $($$$),1,584,000,1,561,000,1,664,000,1,599,531],[$Variable Selling Cost $($$$/$unit$),1\mathrm{.}00,1\mathrm{.}02,0\mathrm{.}99,1\mathrm{.}01],[$Total Fixed SG&A Costs $($$$),360,000,363,000,356,850,348,000]]$

Other information:

The manufacturer uses FIFO $($this is to make is easier to solve $-$ weighted average would be a lot more difficult to solve$)$

The manufacturer uses Standard Costing

Required:

A$.$ Prepare an income statement for the Current Year based on Variable Costing.

B$.$ Prepare an income statement for the Current Year based on Absorption Costing.

C$.$ Prepare a T$-$account that for Fixed Manufacturing Overhead based on Absorption costing that shows: actual costs, applied costs, as well as the rate variance and production volume variance that are charged out to COGS $($hint: this account should be at zero at year$-$end$)$

D$.$ Reconcile the difference in Net Income between Variable Costing and Absorption Costing for the current year. $($hint: compare this difference in income to the differences in ending inventory for Absorption Costing and Variable Costing$).$