Need help with 3 and 4

During the year, BrightLight Inc. Produced 60,000 units of their specialty light. The specialty lights sell for $99 each. Beginning inventor)/ of the specialty lights was 1,000. At the end of the year a physical inventory count revealed that only 7,400 remained. The cost accountant at BrightLight Inc. determined the following variable costs for the production of the specialty lights (costs as per unit) : The cost accountant also informed you that the company incurred total fixed overhead in the amount of $747,000 and total fixed selling and administrative costs of $219,000 during the year. Required: a) Prepare an Income Statement using absorption costing. b) Calculate the cost of ending inventory under absorption costing. c) Prepare an Income Statements using variable costing. d) Calculate the cost of ending inventory under variable costing. Exercise 4) At the beginning of the year, Honey Company had beginning operating assets of $66,000. During the year, Honey Co. had operating income of $18,000 and expenses of $132,000. At the end of the year, they had operating assets of $59,000. Required Compute profit margin, turnover, an ROI for Honey Company