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How do I solve this problem? Please use as much detail as possible to explain where the numbers come from. Check my work Tami Tyler

How do I solve this problem? Please use as much detail as possible to explain where the numbers come from.
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Check my work Tami Tyler opened Tom's Creations, Inc, 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 Toni's Creations, Inc. Income Statement For the Quarter Ended March 31 Sales (28.100 units) $ 1,224,000 Variable expenses Variable cost of goods sold $ 424,310 Variable selling and administrative 191,00 615,390 Contribution margin S88,510 Fixed expenses Fixed manufacturing overhead 297,900 Fixed selling and administrative 233, 210 531,110 Net operating loss $ 22.500 Ms. Tyler is discouraged over the loss shown for the quarter, particularly because she had planned to use the statement as support for bank loon 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. Tyle is manufacturing only one product swimsuit Production and cost data relating to the swimsuit for the first quarter follow Check my 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 33, 100 28,180 Units produced Units sold Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative $ 7.50 $ 5.80 $ 1.80 $ 6.80 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 (loss) for the quarter? c Reconcile the variable and absorption costing net operating Income (loss) figures. 3. During the second quarter of operations, the company again produced 33,100 units but sold 38,100 units. (Assume no change in a What is the company's variable costing net operating income (loss) for the second quarter? b. What is the company's absorption costing net operating income (loss) for the second quarter? c. Reconcile the variable costing and absorption costing net operating incomes for the second quarter, Comnate this onection by entering our newers in the tahe helow. Saved a. What is the company's variable costing net operating income (loss) for the second quarter? b. What is the company's absorption costing net operating income (loss) 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. Reg 1A Req 18 Reg 1C Reg 3A Reg 38 Reg 30 What is the company's absorption costing net operating income (loss) for the quarter? (Round your intermediate to 2 decimal places) Tami's Creations, Inc. Absorption Costing Income Statement Sales $ 1.124.000 Cost of goods sold 867 210 Gross margin 456.790 Selling and administrative expenses 424,280 Net operating income (loss) $ 32.500 Det Check my During the second quarter of operations, the company again produced 33,100 units but sold 38,100 units. (Assume no change in total fixed costs.) What is the company's variable costing net operating income (loss) for the second quarter? Tami's Creations, Inc. Variable Costing Income Statement 0 0 Not operating income (oss) Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 10 Req 3A Reg 38 Reg 30 During the second quarter of operations, the company again produced 33,100 units but sold 38,100 units. (Assume no change in total fixed costs.) Reconcile the variable costing and absorption costing net operating incomes (losses) for the second quarter. (Losses and deductions should be entered as a negative.) Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating incomo (loss) Absorption costing not operating incomo (loss)

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