I need help on 1C, 3A, and 3C

Tami Tyler opened Tami'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 $ 1,140,000 Tami's Creations, Inc. Income Statement For the Quarter Ended March 31 Sales (28,500 units) Variable expenses Variable cost of goods sold $ 436,050 Variable selling and administrative 193,800 Contribution margin Fixed expenses Fixed manufacturing overhead 252,000 Fixed selling and administrative 270.150 Het operating loss 629,850 510, 150 522,150 $ 12,000) Ms. Tyler is discouraged over the loss shown for the quarter, particularly because she had planned to use the statement ds 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 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: 31,500 28,500 Units produced Units sold Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative $ 7.50 $5.90 $ 1.90 $ 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 31,500 units but sold 34,500 units. (Assume no change in total fixed costs.) 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. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Req 1C Req Reg 3B Reg 3 Compute the unit product cost under absorption costing. (Round your answer to 2 decimal places.) Unit product $ 23.30 Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Reg 1A Reg 10 Reg 10 Rea Reg 3B Reg 3C Reg 18 What is the company's absorption costing net operating income (loss) for the quarter? (Round your intermediate calculations to 2 decimal places.) Tami's Creations, Inc. Absorption Costing Income Statement Total $ Sales 1.140.000 Cost of goods sold 664.050 Gross margin 475,950 Selling and administrative expenses 463,950 $ Net operating income (loss) 12,000 Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Reg to Reg 3A Req 3B Req3c Reconcile the variable and absorption costing net operating income (loss) figures. (Losses and deductions should be entered as a negative.) Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) $ 12,000 Add: Fixed manufacturing overhead cost deferred in inventory under absorption costing $ 24,000 Absorption costing net operating income (loss) $ 12,000 Reg 1A Reg 13 Reg 10 Reg 3A Reg 3B Reg 30 During the second quarter of operations, the company again produced 31,500 units but sold 34,500 units. What is the company's variable costing net operating income (loss) for the second quarter? Tami's Creations, Inc. Variable Costing Income Statement Sales + Variable expenses Variable cost of goods sold 527,850 Variable selling and administrative 234,600 1,380,000 762,450 617,550 Contribution margin Fixed expenses: Fixed manufacturing overhead Fixed selling and administrative 252,000 270,150 & Administrative expenses Net operating income (loss) 522,150 $ 95,400 Complete this question by entering your answers in the tabs below. Reg 1A Req 1B Reg 10 Reg 3A Reg 3B Reg 3C During the second quarter of operations, the company again produced 31,500 units but sold 34,500 units. What is the company's absorption costing net operating income (loss) for the second quarter? (Round your intermediate calculations to 2 decimal places.) Tami's Creations, Inc. Absorption Costing Income Statement Total Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income (loss) 1,380,000 803,850 576,150 504,750 $ 71,400 BIC Reg 1A Reg 1B Reg 10 Reg 3A Reg 3B Reg 30 During the second quarter of operations, the company again produced 31,500 units but sold 34,500 units. Reconcile the variable costing and absorption costing net operating incomes (losses) for the second quarter. (Losses and deductions should be entered as a negative.) s Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Deduct: Fixed manufacturing overhead cost released from inventory under absorption costing Absorption costing net operating income (loss) $ 95,400 24,000 71,400