HELP ONLY HAVE 10 MINUTES PLEASE!!

Check my work 3 668 - Tamil Tyler opened Tami's Creations, Incorporated, a small manufacturing company at the beginning of the year Getting the company through its first quarter of operations placed a considerable strain on Ms. Tyler's personal finances. The following income statement for the first quarter was prepared by a friend who has just completed a course in managerial accounting at State University tant creations, Incorporated Income statement For the Quarter oded March 31 Sales (20.700 units) 5.1.168,000 variable expenses Variable cost of goods sold 5 470.680 Variable selling and administrative 10.10 651,490 Contribution margin 496.510 Fixed expenses Pixed manufacturing overhead 285.300 Paxed selling and administrative 224,210 510.010 Not operating 10 S 13,500) Ms. Tyler is discouraged over the loss shown for the quarter particularly because she had planned to use the statement as support for a bank loan. Another friend, a CPA, insists that the company should be using absorption costing rather than variable costing and argues that if absorption costing had been used the company probably would have reported at least some profit for the quarter. At this point, Ms. Tyler is manufacturing only one product-a swimsuit. Production and cost data relating to the swimsuit for the first quarter follow 31,700 20,706 Uits produced Units sold Variable coats per unit Direct materials Direct Labor Variable manufacturing overhead Variable selling and administrative $ 7.30 $ 7.60 $1.70 $6.30 Regwired Chapter 6 Homework Herve & Submit Check my work 3 At this point Ms. Tyler is manufacturing only one product-a swimsuit Production and com data relating to the swimsuit for the first quarter follow 000 U prodice Uni od Variable content Directorials . Direct labor $7.40 Variate sturing whead 1. Variable selling and initiative # 6.50 Required: 1. Complete the following a Compute the unit product cost under absorption costing b. What is the company's absorption costing net operating income oss for the quarter? Reconcile the variable and absorption costing met operating income fossfigures 3. During the second quarter of operation, the company again produced 21700 unts but sold 34700 units. Assume no change in Oxed costs) a. What is the company's variable costing net operating income foss) for the second quarter? b. What is the company's absorption costing net operating income foss) for the second quarter? c. Reconcile the variable costing and absorption costing net operating incomes for the second quarter. Complete this question by entering your answers in the tabs below. 1 Regis 3C 3 Reun Rec Compute te un product cost oder absorption costing Round your aww to dedmalac R10 >