Information taken from Tuscarora Paper Company's records for the most recent year is as follows: Required: 1. Assuming Tuscarora Paper Company uses variable costing, compute the inventoriable costs for the year. 2. Compute the year's inventoriable costs using absorption costing. Bianca Bicycle Company manufactures mountain bikes with a variable cost of $1,400. The bicycles seil for $2,150 each. Budgeted fixed manufacturing overhead for the most recent year was $11,400,000. Planned and actual production for the year were the same. Required: State whether operating income is higher under variable or absorption costing and the amount of the difference in reported operating Income under the two methods. Treat each condition as an independent case, (Round intermediate calculations to 2 decimal places.) aston Pump Company's planned production for the year just ended was 19,300 units. This production level was achieved, and 20,800 units were sold. Other data follow: The cost per unit remained the same in the current year as in the previous year. There were no work-in-process inventories ot the beginning or end of the year: Required: 1. What would be Easton Pump Company's finished-goods inventory cost on December 31 under the variable casting method? (Do not round intermediate calculations.) 2.a. Which costing method, absorption or variable costing. would show a higher operating income for the year? 2-b. By what amount? (Do not round intermediate calculations.) Manta Ray Company manufactures diving masks with a variable cost of $27. The masks sell for $36. Budgeted fixed manufacturing overhead for the most recent year was $823,200. Actual production was equal to planned production. Required: State whether operating income is higher under variable or absorption costing and the amount of the difforence in reported operating income under the two methods. Treat each condition as an independent case. (Do not round intermediate calculations.)