Global Bes: Light (CBL), a procucer of energy-efficlent light bulbs, expects that demand will increase markedly over the next decade. Due to the high fixed costa involved in the business, CBL has decided to evaluate its financial performance using absorption costing income. The production-volume variance is written off to cost of goods sold. The variable cost of production is $2.50 per bulb. Fixed manufacturing costs are $1,125,000 per year. Varlable and fixed selling and administrative expenses are 50.25 per bulb sold and 5260,000, respectively. Because its light bulbs are currently popular with environmentally conscious customers, GBL can sell the bulbs for 59.90 each. GBL is deciding among various concepts of capacity for calculating the cost of each unit produced, lis choices are as follows: (Click the icon to view the capacity information.) Read the requirements. Requirement 1. Calculate the Inventortable cost per unit using each level of capacity to compute fixed manufacturing cost per unit. Begin by determining the formula to calculate the inventoriable cost per unit. (Abbreviations used: mfg = manufacturing, admin. = administration. + Inventoriable cost per unit -X Data Table i Requirements 750,000 bulbs Theoretical capacity Practical capacity Normal capacity Master-budget capacity 375,000 bulbs 225,000 bulbs (average expected output for the next three years) 187,500 bulbs expected production this year 1. Calculate the inventoriable cost per unit using each level of capacity to compute fixed manufacturing cost per unit. 2. Suppose GBL actually produces 250.000 bulbs. Calculate the production-volume variance using each level of capacity to compute the fixed manufacturing overhead allocation rate 3. Assume GBL has no beginning inventory. If this year's actual sales are 187,500 bulbs, calculate operating income for GBL using each type of capacity to compute fixed manufacturing cost per unit. Print Done Print Done