in a big hurry please let me fast. please write how you get numbers so i can understand the material!!

paid fixed annual salaries. The output of the plant can be incressed or decreased by pressing a few buttons on a keyboard. The following budgeted and actual data are for the operations of Gibson All - Fixed. (Click the icon to view the budgeted and actual data.) Read the requirements. Start by preparing the (a) variable costing income statement for 2019,2020 , and the 2 year total. units of production as the denominator level in the allocation rate.) Requirements 1. Prepare income statements with one column for 2019 , one column for 2020 , and one column for the 2 years toyether using (a) variable costing and (b) absorption costing. 2. What is the breakeven point under (a) variable costing and (b) absorption costing? 3. What inventory costs would be carried in the balance sheet on December 31,2019 and 2020 , under each method? 4. Assume that the performance of the top manager of Gibson All- Fixed is evaluated and rewarded largely on the basis of reported operating income. Which costing method would the manager prefer? Why? Data table The company uses budgeted production as the denominator level and writes off any production-volume variance to cost of goods sold. a Management adopted the policy, effective January 1, 2020, of producing only as much product as needed to fill sales orders. During 2020 , sales were the same as for 2019 and were filled entirely from inventory at the start of 2020 . paid fixed annual salaries. The output of the plant can be incressed or decreased by pressing a few buttons on a keyboard. The following budgeted and actual data are for the operations of Gibson All - Fixed. (Click the icon to view the budgeted and actual data.) Read the requirements. Start by preparing the (a) variable costing income statement for 2019,2020 , and the 2 year total. units of production as the denominator level in the allocation rate.) Requirements 1. Prepare income statements with one column for 2019 , one column for 2020 , and one column for the 2 years toyether using (a) variable costing and (b) absorption costing. 2. What is the breakeven point under (a) variable costing and (b) absorption costing? 3. What inventory costs would be carried in the balance sheet on December 31,2019 and 2020 , under each method? 4. Assume that the performance of the top manager of Gibson All- Fixed is evaluated and rewarded largely on the basis of reported operating income. Which costing method would the manager prefer? Why? Data table The company uses budgeted production as the denominator level and writes off any production-volume variance to cost of goods sold. a Management adopted the policy, effective January 1, 2020, of producing only as much product as needed to fill sales orders. During 2020 , sales were the same as for 2019 and were filled entirely from inventory at the start of 2020