Lehighton Chalk Company manufactures sidewalk chalk, which it sellsonline by the box at $50 per unit . Help me to answer this question attached the document below

and that the firm cour me company could measure the opportunity cost of now up (CMA, adapted) As a group, take a walking tour of your campus and the surrounding community. Make a list of all of the environmental costs of which you see evidence. Required: Make a presentation to the class about your findings. List and categorize the environmental costs you noted either for your college or for businesses in the community. (You might consider writing a letter to your campus newspaper regarding these environmental issues and their costs.) Lehighton Chalk Company manufactures sidewalk chalk, which it sells online by the box at $50 per on unit. Lehighton uses an actual costing system, which means that the actual costs of direct material, direct ctual labor, and manufacturing overhead are entered into work-in-process inventory. The actual application rate for manufacturing overhead is computed each year; actual manufacturing overhead is divided by actual production (in units) to compute the application rate. Information for Lehighton's first two years ear L of operation is as follows: year 2. Year 1 Year 2 Sales [in units) 2,500 2.500 Production (in units) Production costs: 3.000 2,000 Variable manufacturing costs Fixed manufacturing overhead $21.000 $14,000 42,000 Selling and administrative costs: 42.000 Variable Fixed 25.000 25,000 20,000 20,000 Required: either year. Lehighton Chalk Company had no beginning or ending work-in-process inventories for 1. Prepare operating income statements for both years based on absorption costing. 2. Prepare operating income statements for both years based on variable costing. 3. Prepare a numerical reconciliation of the difference in income reported under the two costins methods used in requirements (1) and (2). erences in sting and Refer to the information given in the preceding case for Lehighton Chalk Company- ng Income Required: Continuation of 1. Reconcile Lehighton's operating income reported under absorption and variable costing. dume each year, by comparing the following two amounts on each income statement: ous said, year 1, Cost of goods sold . Fixed cost (expensed as a period expense)