March $535 Part II: The variable manufacturing costs per unit of Quarryman Corporation are as follows: January February Direct materials cost per $535 $535 unit Direct manufacturing $190 $190 labor cost per unit MOH cost per unit $275 $275 $1,000 $1,000 $190 $275 $1,000 3. Prepare income statement for Quarryman Corporation in January, February and March 2020 under throughput costing. 4. Contrast the results of throughput costing with those of variable costing. If you calculate different profit figures, reconcile the difference. In other words, tell me where the difference is, and quantify it. Again, do not be concerned with minor rounding issues, as they are not material. 5. Once again, you are controller of this organization. Your boss, the general manager, has suddenly taken an interest in this activity. He or she says to you: "I really like this idea. There is only one requirement for me to approve this. I would like the option of selecting which method we use each year. For example, one year I might think absorption costing is the best way to display our results to headquarters. Another year I might think throughput costing is the way to show our results. Give me that choice, and we can go ahead with this idea." Are there any problems with your boss's idea? What would you tell him or her? March $535 Part II: The variable manufacturing costs per unit of Quarryman Corporation are as follows: January February Direct materials cost per $535 $535 unit Direct manufacturing $190 $190 labor cost per unit MOH cost per unit $275 $275 $1,000 $1,000 $190 $275 $1,000 3. Prepare income statement for Quarryman Corporation in January, February and March 2020 under throughput costing. 4. Contrast the results of throughput costing with those of variable costing. If you calculate different profit figures, reconcile the difference. In other words, tell me where the difference is, and quantify it. Again, do not be concerned with minor rounding issues, as they are not material. 5. Once again, you are controller of this organization. Your boss, the general manager, has suddenly taken an interest in this activity. He or she says to you: "I really like this idea. There is only one requirement for me to approve this. I would like the option of selecting which method we use each year. For example, one year I might think absorption costing is the best way to display our results to headquarters. Another year I might think throughput costing is the way to show our results. Give me that choice, and we can go ahead with this idea." Are there any problems with your boss's idea? What would you tell him or her