Honey Jelly Inc. manufactures jelly. The company's product is sold at 80 baht per bag. The company uses an actual costing system and uses FIFO cost ow assumption. There is no beginning and ending work in process for both years. The information during the rst two years of operations is as follows: 3,600 4,500 4,000 4,100 Production costs: _ Variable manufacturin- costs er unit 14 baht 14 baht Total Fixed manufacturing costs (Baht) 98,000 98,000 Selling and administrative expenses: _ Variable Sellin-__ and Administration Ex enses uer unit Total Fixed Selling and Administration Expenses (Baht) 126,000 126,000 Required: 5.1 Prepare operating income statements for both years based on variable-costing.dO pointS) 52 Prepare operating income statements for both years based on absorption-costing. (10 pointS) 53 Prepare a numerical reconciliation of the differences in income reported under the two costing method and explain why the reported prots are different both in year 1 and year 2. (10 pOiIItS]