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Mia was hired during January 2021 to manage the home products division of GetRichQuick Products. As part of her employment contract, she was told that

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Mia was hired during January 2021 to manage the home products division of GetRichQuick Products. As part of her employment contract, she was told that she would get $5,000 of additional bonus for every 1% increase that the division's profits exceeded those of the previous year. Soon after coming on board, Mia met with her plant managers and explained that she wanted the plants to be run at full capacity. Previously, the plant had employed just-in-time inventory practices and had consequently produced units only as they were needed. Mia stated that under previous management the company had "missed out" on too many sales opportunities because it didn't have enough inventory on hand. Because previous management had employed just-in-time inventory practices, when Mia came on board there was virtually no beginning inventory. The selling price and variable costs per unit remained the same from 2020 to 2021. Here is additional information. Calculate Mia's Bonus based upon the Net Income shown. (Absorption Costing) Clearly indicate your answer. Recompute Mia's bonus under Variable Costing. Clearly indicate your answer. Were Mia's actions ethical or unethical? What would be your ethical concerns? Why? Mia was hired during January 2021 to manage the home products division of GetRichQuick Products. As part of her employment contract, she was told that she would get $5,000 of additional bonus for every 1% increase that the division's profits exceeded those of the previous year. Soon after coming on board, Mia met with her plant managers and explained that she wanted the plants to be run at full capacity. Previously, the plant had employed just-in-time inventory practices and had consequently produced units only as they were needed. Mia stated that under previous management the company had "missed out" on too many sales opportunities because it didn't have enough inventory on hand. Because previous management had employed just-in-time inventory practices, when Mia came on board there was virtually no beginning inventory. The selling price and variable costs per unit remained the same from 2020 to 2021. Here is additional information. Calculate Mia's Bonus based upon the Net Income shown. (Absorption Costing) Clearly indicate your answer. Recompute Mia's bonus under Variable Costing. Clearly indicate your answer. Were Mia's actions ethical or unethical? What would be your ethical concerns? Why

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