Hello, I would like another set of eyes on my homework to just ensure I done it correctly. Thanks

ACCT346 Week 4 Homework Assignment The Van Halen Company manufactures and sells guitar tuners. The data table below provides selected company information for Van Halen's operation over the past year: Units sold during year Units produced during year Units in ending inventory Variable manufacturing (product) cost per unit Fixed manufacturing overhead cost (annual total) Selling price per unit Variable selling and administrative expense per unit Fixed selling and administrative expenses (annual total) 30,000 45,000 15,000 $ 4.50 $ 20,250 $ 12.00 $ 1.00 $ 4,000 Note there were no units sitting in the company's beginning inventory for the year. Using the information in the company's data table above, please answer the following four multi-part questions by inserting your answers directly into each of the empty \"answer boxes\" provided. The multiple answer boxes for each question have purposely been listed in a logical, step-by-step sequence to smoothly walk you through the required calculations and solution to each problem. Questions #1 and #2 require you to use the given company data from the above table to produce a full (absorption) costing income statement and then calculate the corresponding value of the ending inventory applying full (absorption) costing. Questions #3 and #4 are similar to Questions #1 and #2, respectively, except these will instead require you to produce a variable costing (contribution margin) income statement and then calculate the corresponding value of the ending inventory applying variable costing. To assist you in completing all portions of these four multi-part questions, note that beside each empty answer box is a brief hint (if needed) indicating how you can quickly arrive at the answer to enter into each box. In some cases, these hints will simply refer you back to a piece of information obtained directly from the table of company data given above. In other cases, you may need to calculate an answer through addition, subtraction, multiplication, or division of previously completed values in earlier answer boxes. It's also possible that an entry to a specific answer box will just need to be copied from a previously calculated value. It's up to you to understand each of the pieces of data, work through the calculation process, and insert the appropriate answers into each answer box. Question 1. Prepare a Full (Absorption) Costing Income Statement using the company data provided. Step 1: Calculate the Sales Revenue Units sold during year Selling price per unit Sales revenue Enter answer: HINTS: 30000 (given in data table) $12.00 (given in data table) $360,000 (calculate by multiplication) Step 2: Calculate Fixed Mfg Overhead Cost Per Unit Fixed manufacturing overhead cost (annual total) Units produced during year Fixed manufacturing overhead cost per unit $20,250 (given in data table) 45,000 (given in data table) .45 (calculate by division) Step 3: Calculate the Product Cost Per Unit Variable manufacturing (product) cost per unit Fixed manufacturing overhead cost per unit Product cost per unit $4.50 (given in data table) .45 (copy value from above) $4.95 (calculate by addition) Step 4: Calculate the Cost of Goods Sold (COGS) Product cost per unit Units sold during year Cost of Goods Sold (COGS) $4.95 (copy value from above) 30000 (given in data table) $148,500 (calculate by multiplication) Step 5: Calculate the Variable Selling and Admin Expenses Variable selling and administrative expense per unit Units sold during year Variable selling and administrative expenses $1.00 (given in data table) 30000 (given in data table) $30,000 (calculate by multiplication) Step 6 (Final Step): Produce Full/Absorption Costing Income Statement Sales Revenue $360,000 (copy value from above) Cost of Goods Sold (COGS) $148,500 (copy value from above) Gross Profit (Margin) $211,500 (calculate by subtraction) Variable Selling and Administrative Expenses $30,000 (copy value from above) Fixed Selling and Administrative Expenses $4,000 (given in data table) Net Income $177,500 (calculate by subtraction) Question 2. Applying full (absorption) costing, calculate the total value of the ending inventory. Product cost per unit Units in ending inventory Value in ending inventory (by full costing) $4.95 (copy value from above) 15000 (given in data table) $74,250 (calculate by multiplication) Question 3. Prepare a Variable Costing Income Statement using the company data provided. Step 1: Calculate the Sales Revenue Units sold during year Selling price per unit Sales revenue Step 2: Calculate Variable Manufacturing Costs Units sold during year Variable manufacturing (product) cost per unit Variable manufacturing costs Step 3: Calculate Variable Selling and Admin Expenses Units sold during year Variable selling and administrative expense per unit Variable selling and administrative expenses Enter answer: HINTS: 30000 (given in data table) 12.00 (given in data table) $360,000 (calculate by multiplication) 30000 (given in data table) $4.50 (given in data table) $135,000 (calculate by multiplication) 30000 (given in data table) $1.00 (given in data table) 30000 (calculate by multiplication) Step 4 (Final Step): Produce Variable Costing Income Statement Sales Revenue $360,000 Variable Manufacturing Costs $135,000 Variable Selling and Administrative Expenses $30,000 Contribution Margin $195,000 Fixed Manufacturing Overhead Cost $20,250 Fixed Selling and Administrative Expenses $4,000 Net Income $170,750 (copy value from above) (copy value from above) (copy value from above) (calculate by subtraction) (given in data table) (given in data table) (calculate by subtraction) Question 4. Applying variable costing, calculate the total value of the ending inventory. Variable manufacturing (product) cost per unit Units in ending inventory Value in ending inventory (by variable costing) $4.50 (given in data table) 15,000 (given in data table) $67,500 (calculate by multiplication)